Capitalism, Socialism and Communism
Flashcard
•
History
•
10th Grade
•
Hard
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25 questions
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1.
FLASHCARD QUESTION
Front
Wrote the Wealth of Nations
Back
Adam Smith
2.
FLASHCARD QUESTION
Front
Laissez Faire
Back
Adam Smith
3.
FLASHCARD QUESTION
Front
Supported free trade and free markets (no restrictions)
Back
Adam Smith
4.
FLASHCARD QUESTION
Front
"Father of Capitalism"
Back
Adam Smith
5.
FLASHCARD QUESTION
Front
Individuals should pursue self-interest
Back
Adam Smith
6.
FLASHCARD QUESTION
Front
No need for government regulation of the economy
Back
Adam Smith
7.
FLASHCARD QUESTION
Front
The factors of production should be privately owned by individuals or businesses.
Back
Adam Smith
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