Capitalism is an economic system which emphasises__________

Political Ideologies 2

Quiz
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Other
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9th - 12th Grade
•
Medium
James Onimisi
Used 1+ times
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54 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Communism
Collectivism
Individualism
Internationalism
Answer explanation
Capitalism is private ownership of the means of production, where individuals and businesses operate for profit. The system promotes individual economic freedom, competition and the accumulation of wealth by individuals or corporations. Capitalism promotes individualism because it is based on the idea that individuals have the right to own property, make economic decisions and pursue their own economic interests
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Class stratification is a peculiar feature of___________
capitalism
communism
socialism
feudalism
Answer explanation
In a capitalist system, there is a clear differentiation gap between the ruling class and the ruled or the proletarates.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fascism developed in________
France
Germany
Italy
China
Answer explanation
Fascism was developed in Italy under Benito Mussolini
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A system of government in which power derives from total control of the instruments of force is called ___________
monarchy
oligarchy
capitalism
fascism
Answer explanation
Facism is a form of government headed by a dictator, in which government has a total control over all activities in the state.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A characteristic feature of communism is __________
Free enterprise
liberal democracy
dictatorship
multi-party system
Answer explanation
Communism often involves a centralised government with significant control over economic and political life, which can manifest as a dictatorship or a single-party state. This centralisation is meant to enforce collective ownership and eliminate class distinctions, but it frequently results in a concentration of power and limited political freedoms.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A key principle of the socialist system of government is the ___________.
minimal government intervention in the economy
private ownership of the means of production
power concentrated in the hands of a few elite individuals
equality of opportunity and outcome
Answer explanation
A key principle of the socialist system of government is the equality of opportunity and outcome. This means that in a socialist system, the government controls the means of production and wealth is distributed equally among the population to ensure everyone has the same opportunities and outcomes.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a communist system, who owns and controls the means of production?
corporations
The government
private individuals
non-profit organizations
Answer explanation
In a communist system, the means of production are owned and controlled by the government. This is because communism advocates for a classless society where wealth and power are distributed equally among the citizens. Therefore, the government controls the means of production to ensure this equal distribution.
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