Socialism and Capitalism

Capitalism, Socialism

& Communism

Multiple Choice

What does an economy provide to the people of a country?

• Goods and services

• Land, labor, capital and management

• Money and factories

Multiple Choice

In capitalism, who owns property and businesses -- and keeps the profits?

• private people

• government

• the poor

Multiple Choice

Which of these is a strong incentive to create products and services that people want?

• helping others

• growing wealthy

• being creative

Multiple Choice

What is the purpose of socialism?

• To help the rich remain wealthy

• To reduce the gap between rich & poor

• To let the poor control the economy

Multiple Choice

Why did Karl Marx think communism was better than capitalism?

• Capitalism gave control to government

• Capitalism did not produce enough

• Communism let people share wealth equally

Multiple Choice

How is capitalism DIFFERENT from communism?

• In capitalism, businesses are owned by people.

  
  

  In communism, businesses are owned by the government.

• In capitalism, prices are high.

  
  

  In communism, prices are low.

• It capitalism, people share.

  
  

  In communism, there is a big gap between rich and poor.

Multiple Choice

Where is an economy that is completely capitalist or communist?

• United States

• China

• Great Britain

• No country