Capitalism, Socialism, Communism

Capitalism, Socialism, Communism

Multiple Choice

Karl Marx is the founder of this economic system

• Capitalism

• Socialism

• Communism

• Nationalism

Multiple Choice

This system works on supply and demand

• capitalism

• socialism

• communism

• imperialism

Multiple Choice

This system works on the premise of Social Darwinism

• tribalism

• capitalism

• socialism

• communism

Multiple Choice

In this system, the government provides health care

• capitalism

• socialism

• communism

Multiple Choice

This system has a goal to create a classless society

• capitalism

• socialism

• communism

Multiple Choice

Taxes may be higher under this system because of the number of services the government provides

• capitalism

• socialism

• communism

Multiple Choice

Competition keeps prices down in this system

• capitalism

• socialism

• communism

Multiple Choice

The government controls the major industries like transportation and health care

• capitalism

• socialism

• communism

Multiple Choice

This system strives to reduce the gap between the rich and the poor

• capitalism

• socialism

• communism

Multiple Choice

Adam Smith believes the "invisible hand" causes factories to produce certain goods

• capitalism

• socialism

• communism

Multiple Choice

This system is created after a violent revolution

• capitalism

• socialism

• communism

Multiple Choice

The desire for profit ($) motivates people to work hard in this system

• capitalism

• socialism

• communism

Multiple Choice

All the means of production are owned by the government

• capitalism

• socialism

• communism

Multiple Choice

The people and the government both own businesses

• capitalism

• socialism

• communism