Understanding Socialism

Who is credited with coining the term 'socialism'?

• Chris Watson

• Robert Owen

• Henri de Saint-Simon

• Karl Marx

Which historical figure is known for influencing both socialist and communist theories?

• Henri de Saint-Simon

• Chris Watson

• Robert Owen

• Karl Marx

Which of the following countries is known for implementing socialist ideals in education and healthcare?

• Cuba

• France

• United States

• China

What is a key difference between socialism and communism regarding property ownership?

• Neither system allows private property ownership.

• Both systems allow private property ownership.

• Communism allows private property ownership, while socialism does not.

• Socialism allows private property ownership, while communism does not.

In a truly socialist society, who holds the power?

• The citizens

• The military

• The elected representatives

• The government