1. Capitalism Vs Communism
The Ultimate Battle of Ideals
Capitalism Vs Communism

2. Countries

3. Philosophers Capitalism Communism Adam Smith – Wealth of Nations
John Locke- Social Contract
Karl Marx- Communist Manifesto

4. Type of Gov’t. Capitalism Communism Democracy/Republic
Dictatorship (No Gov’t.)

5. Who decides what to Produce?
Capitalism
Communism
The Consumer
Gov’t

6. Who controls the means of Production?
Capitalism
Communism
(Owners)
Gov’t

7. For whom are the products made?
Capitalism
Communism
The People
The Gov’t. who give it to the people

8. Capitalism Advantages Disadvantages Higher Standard of living
Product Variety
More Freedoms
Opportunity to become rich
Competition leads to advances
Large gap between rich and poor
Less wealthy are taken advantage of
Less security and protection
Opportunity to fail

9. Communism Advantages Disadvantages Lower standard of living
Equality for all
Needs are provided for by the country (Medical Care and No Starvation)
More Security and Protection
Lower standard of living
No incentive for doing extra
Less freedoms
Zero opportunity to become rich
Lack of competition