Socialism, Capitalism, Communism

Front

What is Capitalism?

Back

Capitalism is an economic system where the means of production are privately owned and operated for profit!

Front

______________get to make the economic decisions under capitalism.

Back

Individuals

Front

The government or groups of workers might control these resources but the profits are divided among the people.

Back

Socialism

Front

This economic system aims to make the best products for the lowest amount of money, which often times leads to bad treatment of workers.

Back

Capitalism

Front

The United States is an example of what economic systems? Options: Capitalism, Socialism, Mixed Economy, Communism

Back

Capitalism

Front

Who owned everything under communism?

Back

The government

Front

What is NOT true about capitalism? Options: Only people selling products and goods make money in a capitalist market. , No one could own property., People had very little freedoms.

Back

People were rich.