Just the Basics - Communism, Capitalism & Socialism

Redistribution of income (distributing wealth and income)

• Capitalism

• Socialism

• Communism

Health care left to the free-market (left to privately owned businesses to provide)

• Capitalism

• Socialism

• Communism

Which economic system promotes competition?

• Communism

• Capitalism

• Socialism

Who controls the means of production in a socialist society?

• The people

• Working class

• Government

• Private companies & individuals

Which is NOT a characteristic of Capitalism?

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

The government or groups of workers might control these resources but the profits are divided among the people.

• Capitalism

• Communism 

• Socialism

• Mixed Economy

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

• True
• False

In a Communist country, workers have no ________ to work harder.

• Time
• Help
• Ability
• Incentive

What does communism believe in?

• Economic system with individuals having private ownership of money/production.
• Maintaining total control over society. 
• Economic equality through elimination of private property.
• A government of the people, by the people, for the people.

______________get to make the economic decisions under capitalism.

• Individuals
• Government
• Literally no one
• The President