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.
Question 2
2.
What is being inferred about socialism in the political cartoon?
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Question 13
13.
If you had to explain socialism to a friend, how you describe it?
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Question 19
19.
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
Question 3
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Question 4
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Question 5
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Question 6
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Question 7
7.
Based on this paragraph, describe in your own words the difference between a socialist government and a capitalist government.
Question 8
8.
Read through the list of features under Capitalism. What are the advantages of a capitalistic government?
Question 9
9.
Read through the list of features under Capitalism. What are the disadvantages of a capitalistic government?
Question 10
10.
Read through the list of features under Socialism. What are the advantages of a socialistic government?
Question 11
11.
Read through the list of features under Socialism. What are the disadvantages of a socialistic government?
Question 12
12.
If you had to explain capitalism to a friend, how you describe it?
Question 14
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Question 15
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Question 16
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Question 17
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Question 18
18.
This economic system means the production is publicly owned.
socialism
capitalism
This economic system means that production is privately owned.
socialism
capitalism
This economic system means production and consumer prices are based ona free-market of supply and demand.
socialism
capitalism
This economic system means production and consumer prices are controlled by the goverment to best meet the needs of the people.
socialism
capitalism
Socialists believe that property (land, business, goods, and wealth)
True
False
In a socialist economy, consumer prices are usually controlled by the government.
True
False
According to socialists, state ownership prevents business failure and monopolies and allows the government to control production to mee the needs of the people.
True
False
Capitalists believe that governments have a moral responsibility to provide essential services such as healthcare to its people.
