Economic Systems (7th Grade)

System that favors private ownership, where production and consumption determined by market:

System which attempts to create equality through elimination of private property:

Which is NOT an advantage of capitalism?

System that favors ownership and control of production to benefit the entire community:

What is a disadvantage of communism?

System where history, customs, and beliefs shape production and consumption:

What is the economic system of the United States?

What is an example of a communist economy?