Communism, Capitalism, Socialism

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

• Socialism

• Capitalism

• Communism

In which economic system are INDIVIDUALS in charge of owning land, resources, and factories?

• Communism

• Socialism

• Capitalism

In which economic system are the working class people as a WHOLE in charge of owning land, resources, and factories?

• Communism

• Socialism

• Capitalism

Greed is a weakness of which system?

• Capitalism

• Communism

• Socialism

The government is not involved at all in which economic system?

• Communism

• Capitalism

• Socialism

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

• 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

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

• Capitalism

• Communism 

• Socialism

• Mixed Economy