Economic Equality

• Egalitarianism

• Equality of Opportunity

• Equal Distribution of Income and Wealth

• Collectivism=Egalitarianism

• Individualism=Equal Opportunity

Command Economies

• High Gov Involvement

• AKA Centrally Planned Economy

• Public Enterprises

• Karl Marx DAS KAPITAL

Free-Market Economy

• AKA Capitalist Laissez-faire

• Private Enterprise

• Little Gov Control

• Supply and Demand/Invisible Hand

• Adam Smith - Wealth of Nations

....but really we need the governement....a little

This means, we actually have a MIXED economy

• a mix of both

• need some gov to make laws