1. Economics: Property Rights
Ms. Berry
Social Studies
7th grade

2. Warm up:
What is the difference between the two types of economic systems: Communism and Capitalism?
What type of economic system does the US use?

3. Property Rights What are the property rights for each economic system?
Fill in the chart

4. Traditional Anyone can have a small farm/house
Must build and work on own
(no currency)

5. Feudalism Property is owned by upper class Passed down
Lower class works for upper class

6. Capitalism
People can have as much property as they can afford ($)

7. Socialism
Everyone has equal amount of property
Divided equally

8. Communism Government gives property to people to use
People cannot own property

9. Problems with Property Rights
What are the problems with each economic system?
Is it fair or unfair?
Fill in the chart

10. Review ! You have a quiz tomorrow 9 Systems of Government
5 Economic Systems
Theory Identification
Problems with Property Rights
Flash Cards / White boards- quiz one another