socialism and capitalism
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- Capitalism: Is an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
- Hello everyone, I am here to explain capitalism
- I am here to explainSocialism
- Socialism: A political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole. I will show examples of both of these in my next slides.
- Capitalism:Individual freedom is highly valued.
- What is the attitude toward individual freedom
- Socialism:What is best for the group is more important than individual freedom.
- Capitalism: Production of goods and services is in the hands of individuals and private businesses.
- Production of goods and services
- Socialism:Production of goods and services is in the hands of the government.
- Capitalism: Whether or not people can meet their needs depends on how wealthy they are.
- Are people able to meet their needs?
- Socialism:Every person should receive enough to meet his or her needs.
- Capitalism: Healthcare provided by private sector.
- Healthcare
- Socialism: Healthcare provided free or subsidized by the government.
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