Capitalism, Socialism, and Communism Explained

In a capitalist society, who primarily provides products and services?

• The government

• The working class

• Individuals

• A collective of citizens

What was Karl Marx's primary concern regarding the capitalist model?

• It leads to excessive government control.

• It creates a significant wealth disparity between citizens.

• It discourages competition among businesses.

• It promotes equal distribution of resources.

What is a key aim of the socialist model, as described in the video?

• To maximize individual profit and wealth.

• To encourage competition among private businesses.

• To achieve equality among all people and eliminate social classes.

• To allow individuals to own all means of production.

According to the video, what is a common issue observed when socialist models are applied in countries?

• Increased individual incentive for production.

• Rampant corruption and abuse of power by those in charge.

• Rapid development into a strict communist system.

• A balanced redistribution of wealth without extreme social differences.