Economic SystemsVersión en línea Drag each statement or keyword to the correct economic system: Capitalism, Communism, or Socialism. por Melrose Felias 1 CAPITALISM 2 COMMUNISM 3 SOCIALISM Individuals own all resources and factors of production. Prices are determined by supply and demand. Government does not interfere in economic decisions. Government owns all means of production (factories, land, farms). Government decides what to produce, the price, and where goods are sold. Profit is shared based on people’s needs to create a classless society. Individuals and government share ownership of the factors of production. Government controls major public services (health, banking, transportation). Individuals control their own labor and are paid based on the work they do.
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