CAPITALISM
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“MIXED ECONOMY”
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SOCIALISM
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COMMUNISM
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Who owns the means of production?
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Private people (investors)
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The owners of private companies, or, in the case of public works, the state.
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The state
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The whole community without the state
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Who get the extra profit?
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Private people who own the means of production (the investors)
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The owners of private companies, or, in the case of public works, the state.
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The workers
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The whole community
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How involved is the state in the economy?
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It doesn´t get involved in the economy at all.
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It sometimes intervenes in the economy.
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Totally involved (it is the only actor)
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There is no state. It naturally ceases to exist because there is no need for it.
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Who makes schools, roads, firemen, police, armies, etc.?
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Private people (investors)
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The state and sometimes private investors
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The state
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The whole community
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Tuesday, December 9, 2014
CCSS3 Economies Chart
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