History Assignment 10/3/18

History Assignment 10/3/18

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Storyboard Description

Capitalism, socialism, communisim

Storyboard Text

  • Capitalism
  • I own this business, not the government
  • Socialism
  • The government owns this factory, but I still get my own income
  • Communism
  • The government tells everyone what they can and cant do, much like a dictatorship. 
  • Economic System ~ People run and own businesses. No pure form of capitalism, most popular economic system. 
  • Mixed Economy ~ Government takes part in controlling parts of the economy. Shares capitalist and communist views
  • Command Economy ~ Complete classless society. Everything is collectively owned.
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