1. Do Now Sit in your same groups as yesterday Please get out something to write with

2. Which do you think is better? Freedom or fairness?

3. New Ideologies Capitalism economic and political system where the means of production are controlled by private owners for profit, rather than by the state.

4. Socialism economic system where the means of production, such as money and other forms of capital, are owned by the state (the government) or public.

5. Communism economic and political/governmental system where the means of production are owned by the state, rather than private owners.

6. New Ideologies Read the following reading about capitalism, socialism and communism. On the worksheet provided, list characteristics of capitalism, socialism and communism that you find in the reading.