1. Comparing Capitalism and Socialism/Communism

2. Create your Interactive Notebook Page
You will cut out the Venn Diagram, INCLUDING the both section (just to the top of the circle so it lifts up, do not cut it all the way out)
Write “Connect to Today” below your Venn Diagram.

3. Capitalism No government interference in Economics
“Laissez-Faire”: Let things happen as they will
Unseen hand guides business

4. Socialism Laws protect workers Government regulation
Government controls key industries
Based on cooperation
Communism is a more extreme type of socialism

5. What are the similarities?
Both are economic systems
People act out of self interest
Private property rights
People own some businesses

6. Connect to today?
How do these ideals connect to our society today? Write a detailed paragraph explaining your thinking.