Topic 11: Capitalism, Communism, Socialism

Front

Which is NOT a characteristic of Capitalism? Options: Market Economy, Supply and Demand, Freedom of Competition, Classless Society

Back

Classless Society

Front

This economic system is based on competition, profits, and self-interest.

Back

Capitalism

Front

In a Communist country, workers have no ________ to work harder.

Back

Incentive

Front

Low production of resources is a weakness of which 2 systems? Options: Capitalism and Communism, Communism and Socialism, Socialism and Capitalism

Back

Communism and Socialism

Front

There is a great divide between people with high incomes and low incomes in which system?

Back

Capitalism

Front

Where government owns all property and means of production and people share equally.

Back

Communism

Front

What was the purpose of labor unions?

Back

Negotiate as a group for better working conditions.

Front

______________get to make the economic decisions under capitalism.

Back

Individuals

Front

In a communist society...

Back

there is no wealth or private property

Front

In which economic system are INDIVIDUALS in charge of owning land, resources, and factories?

Back

Capitalism