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This lesson is called “Raising the Bar- A look at Capitalist vs. Government Controlled Nations.” This activity will help students to gain a deeper understanding of the differences between capitalism and socialism/communism and the advantages of capitalism based on the GDP and GDP per capita of eight nations. This activity should follow an introductory lesson on the forms/systems of government and economic systems. The teacher will provide students with information on the types of economic systems and provide them with data on eight selected nations. Students will work collaboratively to create color-coded bar graphs to show GDP or GDP per capita over 20 years (2002, 2012, and 2022) for the eight selected nations. Students will use this information to determine the advantages of capitalist/free-market system.
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