BW: Forms of Government/Types of Economics

Proposes that government should organize and control the means of production for the welfare of all.

• Socialism
• Communism

In which economic system is the economy COMPLETELY controlled by the government?

• capitalism

• socialism

• communism

• anarchism

In which economic system do private individuals control the economy?

• capitalism

• socialism

• communism

• anarchism

An economic system in which the state controls all property and capital, while claiming that all goods are equally shared by the people leading to equal social and economic status is called

• Socialism
• Democracy
• Communism
• Anarchy

Governments should not interfere with the rights of individuals to make their own living

• Communism
• Capitalism
• Socialism