1. Socialism Ken 9-7

2. What is socialism Socialism is an economic system that is heavily based on the state The government are the dominant power of the trading and market system in the country

3. Where can it be found They are commonly found in country that are a communist country When the government is the dominant power, that’s when socialism can be found since they have no one to correct what they are doing

4. Type of socialism There are basically two type of socialism Socialism that benefit the country depends on the leader, if the leader are working for the country and not working for his own benefit that would be a good thing Socialism that doesn’t benefit is when the leader is working for his own benefit and is not working for the country benefit

5. How does it relates to trading When the government takes controlled of the business, most people doesn’t like to do their own business anymore since they could not trade freely without the government interfering If the government is interfering in a good way like supporting the trading system of the country, they will benefit the country

6. Example Vietnam is a socialism country during the control of Pol Pot. China during the control of Mao is also a socialism because he took control over most of the thing