Capitalism vs Socialism



In your own words restate the definition of Capitalism __________________________________ ______________________________________________________________________________ ______________________________________________________________________________In your own words restate the definition of Socialism ___________________________________ ____________________________________________________________________________________________________________________________________________________________In your own words restate the “pros” of Capitalism_____________________________________ __________________________________________________________________________________________________________________________________________________________________________________________________________________________________________In your own words restate the “pros” of Socialism_____________________________________ ____________________________________________________________________________________________________________________________________________________________ ____________________________________________________________________________________________________________________________________________________________In your own words restate the “cons” of Capitalism____________________________________ __________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ______________________________________________________________________________In your own words restate the “cons” of Socialism______________________________________ __________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ______________________________________________________________________________Would you have preferred to live under communism or under capitalism based on all of the information above? Give at least three reasons._______________________________________________________ __________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ ______________________________________________________________________________ Imagine that you are a citizen living in a nation after the fall of communism. In the areas below, write some of the problems you would have going from communism to capitalism. ______________________ __________________________________________________________________________________________________________________________________________________________________________________________________________________________________________Work/Job:____________________________________________________________________________ ______________________________________________________________________________Healthcare:____________________________________________________________________________ ______________________________________________________________________________General attitude about life/citizenship:______________________________________________________ ______________________________________________________________________________ ................
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