Capitalism, Socialism, Communism
Flashcard
•
History
•
9th - 12th Grade
•
Hard
Wayground Content
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20 questions
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1.
FLASHCARD QUESTION
Front
Which is NOT a characteristic of Capitalism? Options: Market Economy, Supply and Demand, Freedom of Competition, Classless Society
Back
Classless Society
2.
FLASHCARD QUESTION
Front
Laissez-faire means...
Back
Hands off
3.
FLASHCARD QUESTION
Front
The government or groups of workers might control these resources but the profits are divided among the people.
Back
Socialism
4.
FLASHCARD QUESTION
Front
In a socialist economy, the wealth is distributed evenly among citizens.
Back
True
5.
FLASHCARD QUESTION
Front
This economic system is based on competition, profits, and self-interest.
Back
Capitalism
6.
FLASHCARD QUESTION
Front
In a "pure" communist society, who are the wealthiest and most powerful people?
Back
No One--every member of society is supposed to be equal
7.
FLASHCARD QUESTION
Front
In a Communist country, workers have no ________ to work harder.
Back
Incentive
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