What is the difference between Capitalism and Socialism?

What is the difference between Capitalism and Socialism?

10th Grade

10 Qs

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What is the difference between Capitalism and Socialism?

What is the difference between Capitalism and Socialism?

Assessment

Interactive Video

Social Studies

10th Grade

Practice Problem

Hard

Created by

Tyronna Garrett

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What has been a centuries-long debate in economic systems?

Capitalism vs. Socialism

Socialism vs. Democracy

Capitalism vs. Monarchy

Feudalism vs. Capitalism

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of capitalism?

To generate profits for owners

To distribute resources equally

To control all businesses by the state

To promote social welfare

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How are prices and wages determined in a capitalist system?

By the government

By community needs

By supply and demand

Equally for everyone

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does socialism aim to distribute resources?

According to need

Based on individual effort

According to market forces

Through competition

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which system argues for wealth distribution based on need?

Socialism

Anarchism

Capitalism

Liberalism

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What role does the government play in a capitalist economy?

Distributes all resources

Controls all businesses

Ensures the rule of law

Directs the economy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which system is said to potentially lead to less innovation?

Monarchy

Socialism

Democracy

Capitalism

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