WAR

PEACE PEACE
 CAPITALISM VS. COMMUNISM
CAPITALISM: N Communism: n. an economic and political
AN ECONOMIC SYSTEM IN WHICH PRIVATE system based on one party government and
INDIVIDUALS AND CORPORATIONS state ownership of property.
CONTROL THE MEANS OF PRODUCTION AND - Equal distribution of wealth and power
USE THEM TO EARN PROFITS.
- Economic and political system
- ANYONE CAN START THEIR OWN
BUSINESS, EARN THEIR OWN PROFIT
- Little or no private ownership of property
& no political freedom
- RULE OF LAWS: CERTAIN THINGS YOU CAN
AND CAN’T DO - Dictatorship (Stalin)
- PRICES & WAGES ARE DETERMINED BY
SUPPLY & DEMAND
- FREE ENTERPRISE
- ECONOMIC SYSTEM
- GOVERNMENT PLAYS LIMITED ROLE
- UNEVEN DISTRIBUTION OF WEALTH – 3
CLASS SYTEM