Eastern vs. Western Europe
•Key
Differences?
–Language…
–Governmental
systems and
Revolutions…
–Individual vs.
Group…
–Work Ethic…
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Comparing Economic Systems: Capitalism, Socialism, Communism & Rock-Paper-Scissors, Essays (university) of Brand Management
An interactive comparison of economic systems, including capitalism, socialism, and communism, using a game of rock, paper, scissors as an analogy. Students are encouraged to reflect on the fairness of the game and the implications of each economic system on economic equality and individual ownership.
What you will learn
- Was the game fair in the rock, paper, scissors scenario?
- What tactics could be used to get back into the game in the rock, paper, scissors scenario?
- How does the game of rock, paper, scissors illustrate the economic systems?
- What are the key differences between Capitalism, Socialism, and Communism?
- What could a teacher do to make the game fair?
Typology: Essays (university)
2017/2018
1 / 15
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Eastern vs. Western Europe
- (^) Key
Differences?
- (^) Language…
- (^) Governmental systems and Revolutions…
- (^) Individual vs. Group…
- (^) Work Ethic…
Capitalism, Socialism,
Communism…
What’s the Difference?
Follow-up Questions
- (^) How did you feel at the start of the game?
- (^) How did you feel when you ran out of candy and had to sit down?
- (^) What tactics could you have used to get back into the game? (Steal, bargain, buy someone off, lie)
- (^) Was the game fair?
- (^) What could the teacher have done to make it fair and should he do it?
Capitalism, Socialism, Communism
- (^) Read the short excerpt on the three economic systems
Free Market Capitalism
- (^) Businesses are privately owned
- (^) Businesses compete with each other for people’s money
- (^) Customers will want to buy quality products for a fair price, so businesses will have to provide that
Let’s Look at Our Game…
- (^) When we first played we saw the following: - (^) Private ownership of industry - (^) You all started with their own candy - (^) There was freedom of competition - (^) You all played rock, paper, scissors - (^) Result was unequal economic classes - (^) some of you won, most lost
Capitalism!
Let’s Look at Our Game…
- (^) I’ve decided we should be socialist and I am the GOVERNMENT and I am going redistribute the candy equally. - (^) Government ownership of industry - (^) I collected candy - (^) Goal is to bring economic equality - (^) I redistributed candy equally - (^) Aims for a classless society - (^) You now all have the same amount of candy
Socialism
(True) Communism or Marxism
- (^) Workers own the means of production (example: miners own the coal mine) and make decisions about production
- (^) No private ownership of land, businesses, etc.
- (^) People will want what’s best for everyone, so they will make fair decisions
You Have Two Cows…
- (^) CAPITALISM You have two cows. You sell one and buy a bull.
- (^) CAPITALISM — AMERICAN You have two cows. You sell one of them, and buy a bull. The cow and bull have a great love life; you sell the movie rights to Hollywood. Then you go into real estate.
You Have Two Cows…
- (^) COMMUNISM You have two cows. The government takes both cows. The government sells the milk in government stores. You can’t afford the milk. You wither away.