Page 39 - BP2Y 002 Listening Success BT4

A. Listen and answer the following questions. Note taking

1. What is the topic of discussion about? Topic :

different economic systems

total economic freedom
pure capitalism Main idea :

difference between communism and socialism

2. What is a characteristic of an economic system with
st
no economic freedom? 1 Major point :
Private citizens can start their own businesses.
Everyone works for the government.

Government has no control over the economy. Details :
all of the above

3. What is a characteristic of an economic system with
total economic freedom?
Private citizens can start their own businesses.

nd
Everyone works for the government. 2 Major point :
Government has complete control over the economy.

all of the above

Details :
4. Which is an example of an economy with total
economic freedom?

pure capitalism
fascism

communism

mixed economy 3 Major point :
rd

B. Check True or False.

1. In pure capitalism, anyone can start any Details :

kind of business they want.

2. In pure capitalism, some things are illegal

to sell.
3. There are normally some restrictions on

private businesses in capitalistic societies.

Unit 6. Economic Freedom 39