The Isms

Working harder rarely gives a greater reward.

Big businesses allowed to take over small companies

People vote for their leaders

People will earn different wages in this economy.

People earn their worth

Resources are owned by a private owner.

There are no socioeconomic classes.

The land is owned by the government.

Seeks to redistribute wealth more fairly

Citizens are allowed personal freedoms.

Everybody shares in the wealth

Business owners call the shots for decision making.

Wealth is distributed equally among all citizens.

Government is responsible for making ALL economic decisions.

People have no freedoms in this government.

There is competition

This economic system is in the middle of communism and capitalism.

Supply and demand dictate the prices in the economy.

The country or nation's needs is placed above the individual.

There is NO privately owned property.