Economics. The student understands the historical origins of contemporary economic systems and the benefits of free enterprise in world history. The student is expected to:
(A) identify the historical origins and characteristics of the free enterprise system, including the influence of Adam Smith;
(B) identify the historical origins and characteristics of communism, including the influence of Karl Marx;
(C) identify the historical origins and characteristics of socialism;
(D) identify the historical origins and characteristics of fascism; and
(E) explain why communist command economies collapsed in competition with free market economies at the end of the 20th century.