What is Socialism?

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Discussion: What do you currently know about socialism? We will discuss as a class.

Look at the political cartoon below. Then answer the question that follows.

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What is being inferred about socialism in the political cartoon?

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This economic system means the production is publicly owned.

socialism

capitalism

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Read through the list of features under Capitalism. What are the advantages of a capitalistic government?

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Read through the list of features under Capitalism. What are the disadvantages of a capitalistic government?

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Read through the list of features under Socialism. What are the advantages of a socialistic government?

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If you had to explain socialism to a friend, how you describe it?

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Socialists believe that property (land, business, goods, and wealth)

Tačno

Netačno

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In a socialist economy, consumer prices are usually controlled by the government.

Tačno

Netačno

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According to socialists, state ownership prevents business failure and monopolies and allows the government to control production to mee the needs of the people.

Tačno

Netačno

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Today, most countries have:

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Write a couple sentences about what you now know about socialism that you did not know at the beginning of this lesson.

Now, go to the Economic System Comparison chart and fill in the pros and cons of Capitalism and Socialism : Click Here for the Comparison Chart Assignment on Google Classroom

What is Socialism?

Discussion: What do you currently know about socialism? We will discuss as a class.

What is being inferred about socialism in the political cartoon?

This economic system means the production is publicly owned.

Read through the list of features under Capitalism. What are the advantages of a capitalistic government?

Read through the list of features under Capitalism. What are the disadvantages of a capitalistic government?

Read through the list of features under Socialism. What are the advantages of a socialistic government?

If you had to explain socialism to a friend, how you describe it?

Socialists believe that property (land, business, goods, and wealth)

In a socialist economy, consumer prices are usually controlled by the government.

According to socialists, state ownership prevents business failure and monopolies and allows the government to control production to mee the needs of the people.

Today, most countries have:

Write a couple sentences about what you now know about socialism that you did not know at the beginning of this lesson.

Discussion: What do you currently know about socialism? We will discuss as a class.

What is being inferred about socialism in the political cartoon?

This economic system means the production is publicly owned.

This economic system means that production is privately owned.

This economic system means production and consumer prices are based ona free-market of supply and demand.

This economic system means production and consumer prices are controlled by the goverment to best meet the needs of the people.

Based on this paragraph, describe in your own words the difference between a socialist government and a capitalist government.

Read through the list of features under Capitalism. What are the advantages of a capitalistic government?

Read through the list of features under Capitalism. What are the disadvantages of a capitalistic government?

Read through the list of features under Socialism. What are the advantages of a socialistic government?

Read through the list of features under Socialism. What are the disadvantages of a socialistic government?

If you had to explain capitalism to a friend, how you describe it?

If you had to explain socialism to a friend, how you describe it?

Socialists believe that property (land, business, goods, and wealth)

In a socialist economy, consumer prices are usually controlled by the government.

According to socialists, state ownership prevents business failure and monopolies and allows the government to control production to mee the needs of the people.

Capitalists believe that governments have a moral responsibility to provide essential services such as healthcare to its people.

Today, most countries have:

Write a couple sentences about what you now know about socialism that you did not know at the beginning of this lesson.

This economic system means that production is privately owned.

This economic system means production and consumer prices are based ona free-market of supply and demand.

This economic system means production and consumer prices are controlled by the goverment to best meet the needs of the people.

Based on this paragraph, describe in your own words the difference between a socialist government and a capitalist government.

Read through the list of features under Socialism. What are the disadvantages of a socialistic government?

If you had to explain capitalism to a friend, how you describe it?

Capitalists believe that governments have a moral responsibility to provide essential services such as healthcare to its people.