Industrial Revolution economic systems

Industrial Revolution economic systems

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  • Capitalism
  • Let´s go! Hurry up!! I´m not paying you to stand around!!!
  • To be fair sir, you aren't paying us at all.
  • Socialism
  • Goodness! I almost forgot to pay my taxes!
  • Communism
  • Alright, Listen up all of you! We are in charge! So you´re going to listen to us and share equally!!!
  •  Capitalism is an economic system in which private people, not the government, own and run companies.
  • An economic system that is partly based on some capitalist principles, but the central government takes an active role in owning/controlling parts parts of the economy and redistributing wealth through government programs.
  • An economic system in which all the means of production are in the hands of the workers. Economic resources are to be collectively owned and equally shared by all citizens. (THIS IS A COMMAND ECONOMY). Example: North Korea ¨Working Communism: Government has total control.
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