Comparing Economic Systems

What resources does a country have?

What can be produced?

How should goods and services be produced from the resources?

How should goods and services be distributed?

How much money shoud the people have?

Karl Marx

Leon Trotsky

Friedrich Engles

Joseph Stalin

eventually the economy would reach equilibrium

those with less money would demand wealth be distributed evenly among all people

there would be a lack of growth in the economy

people with more money would share it with those who had less

private ownership

public ownership

individual economic freedom

equal distribution of resources

the idea that all people should have equal access to resources

Vladimir Lenin

Karl Marx

Leon Trotsky

Friedrich Engels

private ownership of businesses and properties

no private ownership of property

equal distribution of resources

free competition

Bernie Sanders

Social Democrats

Communists

Balanced Socialists

it does not believe that workers will overthrow capitalists

it believes in having no private property

it does not believe in taxing the people

it does not believe that all private property should be elimiated