Sort It Out: Communism or Capitalism?
OER PROJECT: WHAP / LESSON 8.1 CLOSERSORT IT OUT: COMMUNISM OR CAPITALISM?Unless otherwise noted, this work is licensed under CC BY 4.0. Credit: “Opener: Sort It Out: Communism or Capitalism?”,OER Project, www.oerproject.com/1PurposeReview some of the main characteristics of capitalism and communism so that you have a solid foundation as you learn more about the Cold War.Process1.Determine whether each economic system characteristic is connected to communism or capitalism. Write a COMnext to those you think represent communism, and a CAPnext to those you think represent capitalism. (Alternatively, your teacher may have you sort the characteristics on this Google slide.)Communal ownership over land/enterpriseBelief in “laissez faire” (non-interference by governmentin the economy)Individuals follow their own self-interestEqual distribution of wealthPeople individuallyown their land and businessesBusinesses compete to provide better goods and services at lower pricesMultiple social classes in societyHeavily influenced bythe writingsof Karl MarxClassless society (no social classes)Intensive state control of trade and industryHeavily influenced by the writings of Adam Smith Equal distribution of resources2.Using the characteristics aboveto guide you, write a definition for each economic system on the next page.
OER PROJECT: WHAP / LESSON 8.1 CLOSERSORT IT OUT: COMMUNISM OR CAPITALISM?2•Communism is an economic system in which:•Capitalism is an economic system in which: