Economic Systems Webquest!

Answer each prompt or question using the links that follow.

1.Define “economics.” [Link.  Look at the fourth and fifth definitions.] 

2.Define “socialism.”[ Link 1, Link 2.  Look at both to form your definition.]

What do you think could be the positive aspects of socialism?

What do you think could be the negative aspects of socialism?


3.Define “capitalism.” [Link ]

What do you think could be the positive aspects of capitalism?

What do you think could be the negative aspects of capitalism?


4.Define “communism.” [Link 1, use definitions 1a and 1b] 

What do you think could be the positive aspects of communism?

What do you think could be the negative aspects of communism?


5.Define “gift economy.” [Link]

What do you think could be the positive aspects of a gift economy?

What do you think could be the negative aspects of a gift economy?