18.1 Spectrum of Economic Systems
Unit 3 Lesson 4: The Spectrum of Economic Systems
Main Idea
Capitalism, socialism, and communism are historically three popular economic systems.
Lesson Objectives
By the end of this lesson, students should be able to:
Capitalism, socialism, and communism are historically three popular economic systems.
Lesson Objectives
By the end of this lesson, students should be able to:
- Describe the advantages and disadvantages of capitalism.
- Describe the differences among the doctrines of socialism, capitalism, and communism.
- Identify the features of communism to other types of economic systems.
Reading Assignment
Read pages 492 - 494 in Economics: Principles & Practices. Complete the Guided Reading Activity (print it) as you read. Turn it in after you have completed it.