Economic Systems

Which economy type emphasizes private ownership, free market competition and profit motive?

• Communism

• Socialism

• Capitalism

• Fascism

What economic system has collective or state ownership of property?

• Communism

• Socialism

• Capitalism

• Fascism

What economic system has a goal of reducing economic inequality with heavy government regulation?

• Communism

• Socialism

• Capitalism

• Fascism

Economic systems describe how societies distribute its resources to produce goods and

What economic system follows a market driven distribution of goods based on supply and demand?

• Communism

• Socialism

• Capitalism

• Fascism

What country has the purest form of an economy?

• United States

• Russia

• Singapore

• Sweden

What is my favorite country to travel to?

• Canada

• Mexico

• Germany

• Spain