What is Capitalism?
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Last updated about 6 years ago
19 questions
1
Discuss: What do you currently know about capitalism? Type your answers below. (There is no right or wrong answer and it's okay not to know anything.)
Discuss: What do you currently know about capitalism? Type your answers below. (There is no right or wrong answer and it's okay not to know anything.)
1
What is being inferred by the cartoon?
What is being inferred by the cartoon?
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This is the way goods and services are produced and consumed.
This is the way goods and services are produced and consumed.
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A person who buys or pays someone to do something for them.
A person who buys or pays someone to do something for them.
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A person who makes or offers goods or services to others.
A person who makes or offers goods or services to others.
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Producers are free to decide what to produce, and consumer are free to buy whatever they need and want in this type of system.
Producers are free to decide what to produce, and consumer are free to buy whatever they need and want in this type of system.
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The entire activity of buying and selling that takes place out in the world.
The entire activity of buying and selling that takes place out in the world.
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This the number of consumers who want something.
This the number of consumers who want something.
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The amount of something that is available.
The amount of something that is available.
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Deciding to study for you GED instead of watching tv is an example of:
Deciding to study for you GED instead of watching tv is an example of:
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This is the limited amount of resources available.
This is the limited amount of resources available.
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This is a system where the government decides what will be produced, how much will be produced, and how much goods and services will cost.
This is a system where the government decides what will be produced, how much will be produced, and how much goods and services will cost.
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- gives you the right to buy and sell it.
- without the right to own property.
- exchange goods and services on the open market.
- determine what prices will be.
- what and how much gets produced.
- Owning Something
- Profit would be impossible
- Buyers and sellers
- The market forces of supply and demand
- The government does not make rules about
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Jamie goes to the store and buys a new handbag.
Jamie goes to the store and buys a new handbag.
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Jack mows yards and does yard work for $10 an hour.
Jack mows yards and does yard work for $10 an hour.
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An automobile company made thousands of cars this year, but people have not been buying as many cars.
An automobile company made thousands of cars this year, but people have not been buying as many cars.
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Frank could make $25 an hour helping his friend clean up construction site on Saturday, or he could attend his nephew's third birthday party. He decides to attend the birthday party, thus he doesn't reciev the money, but he makes his nephew very happy.
Frank could make $25 an hour helping his friend clean up construction site on Saturday, or he could attend his nephew's third birthday party. He decides to attend the birthday party, thus he doesn't reciev the money, but he makes his nephew very happy.
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During the holidays last years, Hatchimals were a toys that sold out faster than others. Thus, people were paying ten times what it was worth.
During the holidays last years, Hatchimals were a toys that sold out faster than others. Thus, people were paying ten times what it was worth.
1
Write a couple sentences about what you now know about capitalism that you did not know at the beginning of this lesson.
Write a couple sentences about what you now know about capitalism that you did not know at the beginning of this lesson.