Review Economic Theories

Ideally, we wouldn’t have separate classes such as rich, middle class, and poor.

• capitalism

• socialism/communism

• mixed ecnomy

Quality and wide variety of products would not be possible without a free market system.

• capitalism

• socialism/communism

• mixed economy

It is best when people work together and look out of the best interest of everybody.

• capitalism

• socialism/communism

• mixed economy

There needs to be some sort of regulation (rules) on business practices.

• capitalism

• socialism/communism

• mixed economy

If you regulate businesses, it will stifle (stop) growth and innovation.

• capitalism

• socialism/communism

• mixed economy

Governments should spread wealth among all members of society.

• capitalism

• socialism/communism

• mixed economy

Class systems are natural and nothing should be done to interfere with them.

• capitalism

• socialism/communism

• mixed economy

Laws should protect against work days lasting longer than 8 hours.

• capitalism

• socialism/communism

• mixed economy

A separation in classes is ok as long as the upper class does its part to help those who struggle to get by.

• capitalism

• socialism/communism

• mixed economy

Ideally, we wouldn’t have separate classes such as rich, middle class, and poor.

• capitalism

• socialism/communism

• mixed economy