ECONOMICS

Capitalism / Socialism / Communism

Capitalism / Socialism / Communism

CAPITALISM

• Private Ownership of Property (students started with your own candy)

• Freedom of Competition (students played rocks, paper, scissors)

• Results of Competition = Unequal Economic Class (some students won, most lost)

Capitalism / Socialism / Communism

CAPITALISM SOCIALISM

• Private Ownership of Property (students started with your own candy)

• Freedom of Competition (students played rocks, paper, scissors)

• Results of Competition = Unequal Economic Class (some students won, most lost)

• Some Private Property / Gov’t Ownership of Industry (teacher collected the candy)

• Limited Competition (teacher redistributed the candy after the game)

• Results of Competition = Goal is Economic Equality (students all have the same amount of candy)

Capitalism / Socialism / Communism

CAPITALISM SOCIALISM COMMUNISM

• Private Ownership of Property (students started with your own candy)

• Freedom of Competition (students played rocks, paper, scissors)

• Results of Competition = Unequal Economic Class (some students won, most lost)

• Some Private Property / Gov’t Ownership of Industry (teacher collected the candy)

• Limited Competition (teacher redistributed the candy after the game)

• Results of Competition = Goal is Economic Equality (students all have the same amount of candy)

• Government Owns Everything / NO Private Property (teacher owns all the candy)

• No Competition (teacher changes the game to “rock” and tells the students what to do)

• Results of Competition = Limited & Structured Economy (students have limited & reduced amount of candy – no structure to change it)