G kahoot - Google Sea.. KY Kahoot! | Learning. Classwork K! Log in - Kahoot! K! Play Kahoot! - Enter. Easel ring Economic Systems kami O E nat Tools Extensions Help Accessibility TURN IN Title Arial - 36 + Comparing Economic Systems After World War II, a state of hostility developed between the United States and the Soviet Union. One major reason for this tension was the clash between communism (the economic system of the Soviet Union) and capitalism (the economic system of the United States). Both wished to promote their economic system in occupied areas across the globe. Capitalism Communism . Definition - Definition An economic system in which the An economic system in which people can government has complete control over the own their own business and property. economy. The government controls the Competition between private businesses is means of production and businesses. People promoted. The government supports a free are allowed few choices as everyone is market system, meaning that people have forced to shares goods and services equally. choices as far as what they spend money on. DISCUSSION QUESTIONS Explain one major difference between the two systems Sign out00% Title Arial 36 + BI U A D GOOSE DISCUSSION QUESTIONS 1. Explain one major difference between the two systems. 2. What might be one advantage of communism? 3. What is a major disadvantage of a communist system? 4. What is the biggest advantage of capitalism? 5. Describe one disadvantage of a capitalist system. 6. Why do you think both the US and Soviet Union wanted to promote their system for other countries? 7. What system is the US system and what system is the Soviet system? 4 M CB Sign