Capitalism
Presentation
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Social Studies
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6th - 8th Grade
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Practice Problem
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Easy
Aaron Jackson
Used 105+ times
FREE Resource
6 Slides • 3 Questions
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Capitalism
An economic system where the people make the decisions.
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Multiple Choice
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How are prices set?
-Prices are determined by what is called "supply and demand".
-That's a fancy term that means we determine prices by what we buy and how much we buy.
-For example if there is high demand for a product or service the price will be high, if there is not the price will be low.
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How are prices set?
-Another example would be if there are a lot of people going out on a date at McDonald's for a Big Mac the price will go higher and more will be made, but if no one is going on a date to White Castle for sliders the demand will be lower and so will the price of the sliders.
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Multiple Choice
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Who owns the business?
-The private citizens own the businesses.
-You and I can start a business
-An entrepreneur is simply a business owner
-We can then decide what to produce, how much to produce, and the price to sell it
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What Countries have Capitalism as their economy?
The United States
Australia
Japan
The United Kingdom
Canada
And others too
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Multiple Select
Capitalism
An economic system where the people make the decisions.
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