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ECONOMIC SYSTEMS

READ THE FOLLOWING STATEMENTS AND DECIDE WHICH ECONOMIC SYSTEM - (CAPITALISM - SOCIALISM - COMMUNISM - ALL SYSTEMS) BEST FITS THE DESCRIPTION

AB
the system where choices are limited by the governmentSOCIALISM
the system where the means of production are owned by individuals or groups of peopleCAPITALISM
the system where the social classes were supposed to disappearCOMMUNISM
the system where they are motivated to produce what will fit the needs of society as a wholeSOCIALISM
the system where there is competition among producers and consumersCAPITALISM
the system that Karl Marx thought would be the final stage of socialismCOMMUNISM
the system where the government does not control what is produced or consumedCAPITALISM
the system where the means of production are owned by society as a wholeCOMMUNISM
the system where the desire to make money is the motivation to produce goods and provide servicesCAPITALISM
the system where the means of production are owned by the government for all of the peopleSOCIALISM
the system where there would be perfect cooperation among the people in the societyCOMMUNISM
the system where government and laws would not existCOMMUNISM
the system where supply and demand affect what is produced or consumedCAPITALISM
the system where goods and services would be distributed equally according to the economic needsCOMMUNISM
the system where the question of what to produce must be answeredALL SYSTEMS
the system where the question of who should produce goods must be answeredALL SYSTEMS
the system where the question of how much to produce must be answeredALL SYSTEMS
the system where the question of to whom to distribute products must be answeredALL SYSTEMS


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