QUESTION IMAGE
Question
13
drag each descriptor to the correct space on the table based on whether it fits best in a capitalist system of communist system.
government
supply and demand
government determined
private
capitalism/
free enterprise\tcommunism
prices\t\t
income\tunequal distribution\tredistribution of income
ownership\t\t
values\tindividualism\tcollectivism
economic freedom\tmore\tless
Brief Explanations
- For capitalism, prices are set by market forces of supply and demand, and property/means of production are privately owned.
- For communism, prices are controlled and determined by the central government, and property/means of production are owned by the government (public/state ownership).
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| Category | Capitalism/Free Enterprise | Communism |
|---|---|---|
| Ownership | private | government |