Reforming the Industrial World

The economic policy of letting owners of industry and businesses set working conditions without interference is known as _________.

• laissez-faire

• capitalism

• communism

• strike

_____ is an economic system in which individuals and businesses own property and the means of production.

• capitalism

• communism

• socialism

• laissez-faire

An economic system in which the factors of production are owned by the public and operated for the welfare of all is ___.

• capitalism

• communism

• socialism

• laissez-faire

The German journalist who wrote The Communist Manifesto with Engels was ____.

• Marx

• Doebler

• Herrmann

• Marquardt

Voluntary associations of workers who pressed for reforms  were called ____.

• unions

• strikes

• laissez-faire

• associations

A refusal to work by employees is called a ____.

• unions

• strike

• laissez-faire

• associations

Progress results when individuals follow their own self-interest.

• capitalism

• socialism

The community or state must act to protect workers.

• capitalism

• socialism

Progress results when a community of producers cooperate for the good of all.

• capitalism

• socialism

Consumers compete to buy the best goods at the lowest prices. This competition shapes the market by affecting what businesses are able to sell.

• capitalism

• socialism