Use the drop-down menus to indicate the type of economy found in each country. In this country, the government tells an appliance factory that it must produce a minimum of one thousand refrigerators. People are assigned jobs at the factory based on their abilities, and the government determines how much they will be paid. The government decides how much a new refrigerator will cost.
✔ socialist
In this country, an appliance factory produces one thousand dishwashers per month. People want more of its dishwashers because of their high quality, so the company hires additional workers. The company decides what the workers’ wages will be and how much the dishwashers will sell for. Most of the profits go to the company’s owners.
✔ capitalist