CAPITALISM

What is capitalism often referred to as in its purest form?

• Communist economy

• Socialist economy

• Free market economy

• Planned economy

In capitalism, who owns the means of production?

• The community

• The working class

• Private interests

• The government

What is the primary motive in a capitalist economy?

• Social welfare

• Profit generation

• Community service

• Environmental sustainability

Which of the following is NOT a feature of capitalism?

• Government ownership

• Wage labor

• Profit for exchange

• Private ownership

What does the term 'laissez-faire' refer to in capitalism?

• Government intervention

• Complete market freedom

• State control of industries

• Regulated competition

What is a characteristic of 'Turbo Capitalism'?

• Financial deregulation

• High government regulation

• Community-based production

• State ownership of businesses

Which class sells their labor to the capitalist class?

• Upper class

• Entrepreneurial class

• Working class

• Middle class

What is a potential negative outcome of capitalism?

• Wealth accumulation

• Innovation in products

• Creation of monopolies

• Increased competition

What does 'crony capitalism' refer to?

• Community-driven economies

• Strategic influences with authorities

• Unregulated markets

• State-owned industries

Which economic system is characterized by government ownership of all means of production?

• Capitalism

• Socialism

• Communism

• Fascism