Communism
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 251+ times
FREE Resource
6 Slides • 3 Questions
1
Communism
An economic system where the government makes the decisions.
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What is Communism?
In this system the government makes the decisions.
They decide what to produce, how much to produce, and who will receive what is produced.
There might be some private decisions and businesses, but the government is in control.
3
Multiple Choice
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How are prices set?
In communism the government will set the price.
It does not matter how much demand there is for that product or service.
For example no matter how many people want a Big Mac the government would set the price to 5 dollars.
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Multiple Choice
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Who Owns the Businesses?
The government owns the businesses.
There may be some private businesses, but that would be rare.
The government will say what to produce and how much of it.
For example they would tell McDonald's they can only produce 50 Big Macs a day and nothing else. Sorry no Mcflurrys or quarter pounders.
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What countries have communism?
China
North Korea
Laos
Vietnam
Cuba
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Multiple Select
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Other Economic Systems
A traditional economy is where people make goods based on tradition and custom. For example you would work the job that your parents worked.
A mixed economy is where there is a combination of private ownership and government control. All countries have some sort of mixture.
Communism
An economic system where the government makes the decisions.
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