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The goal of this exercise is to demonstrate your understandingbetween the fundamental differences between communism andcapitalism, two of the basic economic systems found in the worldtoday, and how they address the distribution of resources.
Economic Systems: Communism & Capitalism This activity is important because an economic system describes how a particular society distributes its resources to produce goods and services. A central issue of economics is how to fulfill an unlimited demand for goods and services in a world with a limited supply of resources. Different economic systems attempt to resolve this central issue in numerous ways. The goal of this exercise is to demonstrate your understanding between the fundamental differences between communism and capitalism, two of the basic economic systems found in the world today, and how they address the distribution of resources. Roll over over each term on the left and read each statement describing capitalism, communism, and the aspects of an economic system. Move each box to the correct place in the chart on the right. Constant sales Abundant selection Market influence Charity donation State Bread Co. Reset Expensive gas Government collected Limited choice Jack's Wheels Gas prices skyrocket Business ownership Competition Profits Product availability Price Communism < Prev 1 of 1 Capitalism Next >