1. The Economic Spectrum

2. The ‘Right’
Market Economy
Free Enterprise
Capitalism

3. Capitalism
Business, consumers, and government act independently of one another.
Companies & individuals own their own property.
You compete with other companies, and If you make a profit, you get to keep it.
You pay for the things (health care, housing, food, education, etc.) you want.
Are there any true market economies?
- Even the United States has some government intervention.

4. The ‘Left’
Centrally Planned Economy
Socialism
Communism

5. Everyone (the government & the people) work for each other.
All property is owned by the government & the people.
All profit is distributed amongst all the people. (100% tax)
All services and goods are provided for free (health care, food, housing, education, etc.)

6. Cuba… today…

7. the ‘Ideal’ Capitalism and Communism are ‘ideals.’
They are the way things should work. ( In theory.)
However, most countries are a pragmatic mix of these ideals.
(Which is often called a ‘mixed’ economy.)

8. The Economic Spectrum
RIGHT

9. Mixed Economy Conservative Ideals: Socialist (more ‘liberal’) Ideals:
Fewer taxes, fewer government programs, more opportunity for the individual.
Socialist (more ‘liberal’) Ideals:
Higher taxes, more government programs, more focus on the ‘common’ good.

10. Where do you sit?