Socialism Capitalism and Communism

Greed is a weakness of which system?

• Capitalism

• Communism

• Socialism

The government becoming too powerful is a weakness of which system?

• Capitalism

• Socialism

• Communism

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

• Socialism

• Communism

• Capitalism

Which economic system encourages high quality, achievement, and production?

• Socialism

• Communism

• Capitalism

Competition is encouraged in which system?

• Communism

• Capitalism

• Socialism

Cooperation is encouraged over competition in which system?

• Capitalism

• Socialism

Which is NOT a characteristic of Capitalism?

• Market Economy
• Supply and Demand
• Freedom of Competition
• Classless Society

Laissez-faire means...

• Hats off
• Hands around
• Hands off
• Hands on

In this system, individuals can own and run small businesses but not major industries.

• Capitalism

• Communism

• Socialism

In a socialist economy, the wealth is distributed evenly among citizens.

• True
• False