History-communism/capitalism Flashcards
Name a country that is communist
China
Name a disadvantage of capitalism
Can lead to a big difference between the rich and poor
Name some features of a capitalistic country
Rewarded a wage dependant on your job
Your allowed to leave the country
Businesses have free trade and you can make as much money as possible
Different political parties
Can lead to big differences between rich and poor
Name a disadvantage of communism
You can’t leave the country without government permission, can’t make a profit if you own a business and if your country goes communist it usually won’t change to capitalist
Name features of a communist country
People are not aloud to leave the country without government permission
Everyone earns the same
Businesses make enough for what people need so you can’t make a profit
Can only vote for communist parties
Name a country that is capitalist
England