In this webinar teachers will be able to:
- List the 6 guiding principles of a capitalist system
- Identify the distinguishing institutional features in capitalist systems relative to alternative methods to resource allocation, drawing attention to the role of private rights to persons and property
- Summarize the record of net successes associated with the capitalist system
This video is available to view for EconEdLink members only.
This interactive session will demonstrate the differences between capitalist and alternative systems that direct resources into the production of what people want and need, identify the impact on income distribution, and discuss societal outcomes throughout modern history.