Worksheet for Capitalism versus Socialism



Worksheet for Capitalism versus Socialism

1. What is a simple definition of socialism? Is it different from communism?

2. What is a simple definition of capitalism?

3. Why do some people support socialism? Do you think they are correct? Do you

think they are misguided? Explain.

4. Why do some people support capitalism? Do you think they are correct? Do

you think they are misguided? Explain.

5. Which countries in South America are turning towards socialism?

5. Which countries in the Middle East reject capitalism? Who should own the

natural resources of the world? Explain.

7. Is China becoming more capitalistic? Why or why not?

8. Some people say that political freedom is only possible if there is economic

freedom. Do you agree or disagree with this statement.

9. What parts of the Taiwan economy are socialistic and what parts are capitalistic?

Do the socialistic parts work more efficiently and more fairly than the capitalistic

parts?

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