18.3 Transition to Capitalism
Unit 3 Lesson 6: The Transition to Capitalism
Main Idea
Reforms in the former Soviet Union, China, and many Latin American and eastern European nations have moved these economies toward more capitalistic, market-oriented systems.
Lesson Objectives
By the end of this lesson, students should be able to:
Reforms in the former Soviet Union, China, and many Latin American and eastern European nations have moved these economies toward more capitalistic, market-oriented systems.
Lesson Objectives
By the end of this lesson, students should be able to:
- Describe four problems encountered when an economy makes the transition to capitalism.
- Identify the major countries and regions that are making the transition to capitalism.
Reading Assignment
Read pages 501 - 507 in Economics: Principles & Practices. Complete the Guided Reading Activity (print it) as you read. Turn it in after you have completed it.