With this product students will be asked to complete (either as homework or as guided notes) a graphic organizer comparing the three economic ISM's - capitalism, socialism, communism along with theoretical communism. Also includes key or teacher version. Product has been used successfully in both a U.S. History and an Economics class.
Categories compared include:
Who controls the economy?
How much profit may individuals keep?
Who controls the major industries? (mass production)
What private property may a person own in each of these systems?
Who owns the natural resources?
How much competition is permitted?
What is the incentive to work in each system?
What is the concern for the INDIVIDUAL?
How does each affect choosing a job or career?
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