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Economic Systems Flashcards | StudBud
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Economic Systems
Economic Systems
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1
Making money is not stressed in this economic system.
Communist (Government sponsored)
Capitalist (Free Enterprise)
2
Your product goes to those declared in need in this economic system.
Capitalist (Free Enterprise)
Communist (Government sponsored)
3
The government decides what you will produce in this economic system.
Communism (Government sponsored)
Capitalism (Free Enterprise)
4
The government decides what you will do for a job in this economic system.
Communist (Government sponsored)
Capitalist (Free Enterprise)
5
Cooperation, "moral" rewards, societal gain, and government decree are the base values.
Communist (Government sponsored)
Capitalist (Free Enterprise)
6
You get some money to work, but you also do your work to benefit your country.
Capitalism (Free Enterprise)
Communism (Government sponsored)
7
Competition, material rewards, self-gain, freedom are the base values of this economic system.
Capitalism (Free Enterprise)
Communism (Government sponsored)
8
You work in this economic system to make as much money as you want.
Capitalist (Free Enterprise)
Communist (Government sponsored)
9
Making a profit is highly stressed in this economic system.
Communist (Government sponsored)
Capitalist (Free Enterprise)
10
You decide what you will produce in this economic system.
Communist (Government sponsored)
Capitalist (Free Enterprise)
11
You can decide what job you would like to do in this economic system.
Capitalist (Free Enterprise)
Communist (Government sponsored)