What is a key characteristic of socialism regarding the ownership of production means?
Socialism

Interactive Video
•
Business, Social Studies
•
University
•
Hard
Quizizz Content
FREE Resource
Read more
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Private individuals own the means of production.
There is no ownership of the means of production.
The government owns or controls the means of production.
Foreign entities own the means of production.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the government aim to achieve equity in a socialist system?
By privatizing public services.
By allowing free market competition.
By distributing wealth and production equally.
By reducing taxes for the wealthy.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a common issue faced by governments in socialist systems?
Efficiently managing small businesses.
Understanding and meeting consumer needs.
Encouraging private sector growth.
Reducing government size.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why might individuals in a socialist system lack motivation to work harder?
They are rewarded based on individual effort.
They have too many job opportunities.
They receive unequal distribution of resources.
They see no direct benefit from extra effort.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What problem can arise from the equal distribution of resources in socialism?
Social loafing or free rider problem.
Higher levels of innovation.
Rapid economic growth.
Increased competition among workers.
Similar Resources on Quizizz
4 questions
Capitalism vs. Socialism: Which Works Better? [Deep Dive into Public Data Analysis]

Interactive video
•
University
3 questions
Jeremy Corbyn speech at rally in Reading PT 2

Interactive video
•
University
3 questions
Author Conard: New, Complex Regulations Slow Growth

Interactive video
•
University
6 questions
Indonesia's Capital Shift to Nusantara

Interactive video
•
University
2 questions
Lonmin Miners Return to Work After Pay Deal

Interactive video
•
University
2 questions
Jeremy Corbyn speech at rally in Reading PT 2

Interactive video
•
University
6 questions
Warren Buffett Says Gov't Should Act on Income Inequality

Interactive video
•
University
6 questions
Lonmin Miners Return to Work After Pay Deal

Interactive video
•
University
Popular Resources on Quizizz
15 questions
Multiplication Facts

Quiz
•
4th Grade
25 questions
SS Combined Advisory Quiz

Quiz
•
6th - 8th Grade
40 questions
Week 4 Student In Class Practice Set

Quiz
•
9th - 12th Grade
40 questions
SOL: ILE DNA Tech, Gen, Evol 2025

Quiz
•
9th - 12th Grade
20 questions
NC Universities (R2H)

Quiz
•
9th - 12th Grade
15 questions
June Review Quiz

Quiz
•
Professional Development
20 questions
Congruent and Similar Triangles

Quiz
•
8th Grade
25 questions
Triangle Inequalities

Quiz
•
10th - 12th Grade