The 'isms'

This economic system is based on competition, profits, and self-interest.

• Socialism
• Communism
• Capitalism

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.

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

• Communism

• Socialism

• Capitalism

The government is strongly involved in which economic system?

• Capitalism

• Socialism

• Communism

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

• Socialism

• Communism

• Capitalism

In a communist society...

• the government controls the means of production

• the individual owns the means of production

• wealth is distributed evenly amongst society

• there is no wealth or private property

Property is owned by the state

• Communism
• Capitalism

What economic system is a combination of capitalism and communism?

• Socialism
• Fascism
• Laissez-faire

The central government directs all major economic decisions.

• free market economy

• mixed-market economy

• socialism

• communism