S24 1.2 - Economic Systems Practice

economy everything public

• communism

• capitalism

• socialism

individual economy private

• communism

• capitalism

• socialism

public and private government helps

• capitalism

• socialism

• communism

one leader control

• autocracy

• democracy

• monarchy

economy everyone equal

• communism

• capitalism

• socialism

economy most inequality

• communism

• capitalism

• socialism

government owns NO profit

• public

• private

individual owns profit

• public

• private

people elect representatives

• representative democracy

• direct democracy

• autocracy

• monarchy

country organizes money

• economic system

• political system

• government