Comparing Communism and Capitalism

What is the primary goal of capitalism?

• To establish a classless society

• To maximize individual wealth and economic growth

• To abolish private property

• To promote state ownership of resources

Who co-authored "The Communist Manifesto" with Karl Marx?

• Adam Smith

• Friedrich Engels

• Vladimir Lenin

• John Maynard Keynes

Which of the following is a key feature of communism?

• Free market economy

• Classless society

• Private ownership of the means of production

• Laissez-faire policies

What is the term used to describe the working class in Marxist theory?

• Bourgeoisie

• Proletariat

• Capitalists

• Aristocracy

Which book, written by Adam Smith, is considered a foundational text for capitalism?

• The Communist Manifesto

• Das Kapital

• The Wealth of Nations

• Capitalism and Freedom

What does the term "means of production" refer to in Marxist theory?

• The labor force

• The tools, factories, and resources used to produce goods

• The distribution of goods

• The consumption of goods

Which economic system is characterized by the absence of private property?

• Capitalism

• Socialism

• Communism

• Feudalism

What is the principle of "laissez-faire" associated with?

• Government intervention in the economy

• Minimal government interference in economic affairs

• State ownership of all businesses

• Centralized economic planning

In a capitalist economy, what determines the price of goods and services?

• Government regulations

• Supply and demand

• Central planning

• Religious institutions

Which of the following is considered a disadvantage of capitalism?

• Lack of innovation

• Economic inequality

• Absence of competition

• Centralized control