BELLWORK:
- Option 1: If you were a poor person which economic system would you prefer? If you were middle class, which one would you prefer? If you were upper class, which one would you prefer?
- Option 2: What are elements of capitalism you see in your world? What are elements of socialism you see in your world?
- Option 3: Which is the best economic system? Give solid reasons why you think it's the best.
Site: Page 3 - The Two Sides
Part One: Write a short introduction describing how Russia was Communist and the United States was capitalist.
Part Two: Create a list (or chart) of each economic system. Include the goal, how prices are decided, how jobs are decided and a list of at least three pros and three cons for each economic system.
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