Introduction to Capitalism
A worksheet for 4th graders to learn about the basic concepts of capitalism, including private ownership, supply and demand, and entrepreneurship.
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Introduction to Capitalism
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Read each question carefully and answer to the best of your ability.
Capitalism is a way of organizing an economy where businesses and most property are owned by private people, not the government. People can start their own businesses and decide what to make and sell.
1. In a capitalist economy, who owns most businesses and property?
The government
Private people
Only very rich people
Everyone equally
2. In capitalism, people can start their own and decide what to make and sell.
3. In a capitalist system, the government tells businesses exactly what to produce.
True
False
4. What is one way people can make money in a capitalist economy?
Use the words below to complete the sentences.
5. When many people want a product, the for that product is high.
6. Businesses try to make a by selling products for more than they cost to make.