SS.912.A.3.10

Front

Which economic ideology advocates for private ownership of the means of production and minimal government intervention in the economy?

Back

Capitalism

Tags

FL.SS.912.A.3.10.

Front

Who is most closely associated with the philosophy of communism?

Back

Karl Marx

Tags

FL.SS.912.A.3.10.

Front

Which term describes an economic system where the government controls all major aspects of the economy and production?

Back

Communism

Tags

FL.SS.912.A.3.10.

Front

What is the main goal of socialism as an economic ideology?

Back

Achieving social equality

Tags

FL.SS.912.A.3.10.

Front

Which philosopher is known for the concept of the "invisible hand" in economics?

Back

Adam Smith

Tags

FL.SS.912.A.3.10.

Front

Match the following ideologies with their key characteristics:
1. Capitalism
2. Communism
A. Private property and free markets
B. Classless society and collective ownership

Back

1-A, 2-B

Tags

FL.SS.912.A.3.10.

Front

Identify the economic ideology: "The government owns all factories and farms, and wealth is distributed equally among citizens."

Back

Communism

Tags

FL.SS.912.A.3.10.

Front

Difference between socialism and capitalism?

Back

Socialism seeks to reduce economic inequality, while capitalism emphasizes individual profit.

Tags

FL.SS.912.A.3.10.

Front

A country has a mixed economy with both private businesses and government-owned enterprises. Which ideology does this most closely align with?

Back

Socialism

Tags

FL.SS.912.A.3.10.

Front

Which scenario best illustrates laissez-faire economics?

Back

Businesses operate with little to no government regulation.

Tags

FL.SS.912.A.3.10.