ECONOMICS Capitalism / Socialism / Communism. CAPITALISM Private Ownership of Property (students started with your own candy) Freedom of Competition (students.

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ECONOMICS Capitalism / Socialism / Communism

CAPITALISM Private Ownership of Property (students started with your own candy) Freedom of Competition (students played rocks, paper, scissors) Results of Competition = Unequal Economic Class (some students won, most lost)

Capitalism / Socialism / Communism CAPITALISMSOCIALISM Private Ownership of Property (students started with your own candy) Freedom of Competition (students played rocks, paper, scissors) Results of Competition = Unequal Economic Class (some students won, most lost) Some Private Property / Gov’t Ownership of Industry (teacher collected the candy) Limited Competition (teacher redistributed the candy after the game) Results of Competition = Goal is Economic Equality (students all have the same amount of candy)

Capitalism / Socialism / Communism CAPITALISMSOCIALISMCOMMUNISM Private Ownership of Property (students started with your own candy) Freedom of Competition (students played rocks, paper, scissors) Results of Competition = Unequal Economic Class (some students won, most lost) Some Private Property / Gov’t Ownership of Industry (teacher collected the candy) Limited Competition (teacher redistributed the candy after the game) Results of Competition = Goal is Economic Equality (students all have the same amount of candy) Government Owns Everything / NO Private Property (teacher owns all the candy) No Competition (teacher changes the game to “rock” and tells the students what to do) Results of Competition = Limited & Structured Economy (students have limited & reduced amount of candy – no structure to change it)