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Capitalism vs

VIEWS: 2 PAGES: 12

									Capitalism vs. Command
Economy
A) Capitalism

   1) capitalism- economic system in which
    production and the means to produce are
    owned and controlled by private owners and
    groups.
A) Capitalism

   1) capitalism- economic system in which
    production and the means to produce are
    owned and controlled by private owners and
    groups.
       a. government plays a limited role
A) Capitalism

   1) capitalism- economic system in which
    production and the means to produce are
    owned and controlled by private owners and
    groups.
     a. government plays a limited role
     b. market determines how resources are
      distributed
B) Command Economy

   1) command economy- an economic
    system in which decisions on the basic
    economic questions are made by the gov’t
II) Reasons for a Command
Economy (Chinese Gov’t)
II) Reasons for a Command
Economy (Chinese Gov’t)
   A) In a capitalistic economy, people will
    make things that make them the richest and
    not be able to meet all of the needs of the
    people
II) Reasons for a Command
Economy (Chinese Gov’t)
   A) In a capitalistic economy, people will
    make things that make them the richest and
    not be able to meet all of the needs of the
    people
       1. Make goods for the rich, and not for the poor
II) Reasons for a Command
Economy (Chinese Gov’t)
   B) Government should control production
    and allocation of resources
II) Reasons for a Command
Economy (Chinese Gov’t)
   B) Government should control production
    and allocation of resources
       1. This would be more efficient, lead to less
        waste and little or no unemployment
II) Reasons for a Command
Economy (Chinese Gov’t)
   C) In capitalism, you generally have very
    wealthy and very poor
II) Reasons for a Command
Economy (Chinese Gov’t)
   C) In capitalism, you generally have very
    wealthy and very poor
       1. Because command is not concerned with
        profit, resources are distributed equally and
        there is a more level economic standing

								
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