Socialism

economic system in which the factors of production are privately owned and money is invested to make a profit.

• Capitalism

• Socialism

belief that in a free market, economies and businesses function better when there is no interference from the government

• Capitalism

• Socialism

• Laissez-Faire

Which is not an economic system?

• Capitalism

• Mutualism

• Communism

• Socialism

In which economic system is the GOVERNMENT in control of land, resources, and factories?

• Socialism

• Capitalism

• Communism

The government is strongly involved in which economic system?

• Capitalism

• Socialism

• Communism

During the 1800s, the writings of Marx, Engels, and Dickens focused attention on the problems faced by

• factory owners

• investment bankers

• farm laborers

• industrial workers

Where did Karl Marx predict a revolution of the proletariat would occur first?

• industrial Europe

• independent Latin America

• colonial Africa

• agricultural Russia

Karl Marx and Friedrich Engels encouraged workers to improve their lives by

• electing union representatives

• participating in local government

• overthrowing the capitalist system

• demanding pensions and disability insurance

In The Communist Manifesto, Karl Marx and Friedrich Engels expressed the idea that

• religion should be the most important factor in society

• power should be determined by a person’s wealth

• profits from work should belong to the workers

• supply and demand should control prices

Which two major ideas are contained in the

writings of Karl Marx?

• survival of the fittest and natural selection

• class struggle and revolutionary change

• separation of powers and checks and balances

• monotheism and religious tolerance