1. Capitalism A capitol idea Mrs. Besler Intro I September 4 th 2008

2. What is capitalism did you know????? Capitalism is an economic system in which the decisions to produce things are made by the demand by consumers. There is some regulation by the government – in different areas – but they try to let the market be regulated by supply and demand. Many countries who have a democratic political system have a capitalistic economy

3. How do I know if a system is capitalism? Do people own private property and can they do with that property what they want? Do people have the freedom to choose what they want to do –Open their own business –Go to college –Work fo other people Can people make their own profit and use competition to make the businesses better?

4. Private property

5. Freedom to choose What do I want to do

6. Competition and the profit motive How many restaurants can you list? Biaggis Benigos Avantis Fazzolis Lucca Grill and these are only italian !!!!!!!!!!

7. How many kinds of tennis shoes? Competition gives consumers more choices.

8. Why do I shop at xxx? Prices Choices Customers service Location I competition