Free to Choose: A Personal Statement | Teaching Setting, Symbolism and Objects

Object Descriptions

This section provides a short description of all the major objects in the book. This can be printed out as a study guide for students, used as a "key" for leading a class discussion, or you can jump to the quiz/homework section to find worksheets that incorporate these descriptions into a variety of question formats.

Objects

United States - This is an example of a capitalist or market economy based on the free exchange among market participants without coercion.

The Soviet Union - Represents a planned economy that uses a planning authority that determines the outputs and inputs without the use of markets.

China - Another example of a planned economy that was underdeveloped and backward at the time of the Communist revolution. Economic planning resulted in industrialization and some modernization.

Israel - A planned economy with much government intervention. It is a small nation with a heavy reliance...
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