In this system people make all economic decisions based on their own self-interest. In a pure __________ system, only

the forces of supply and demand control the economy.

_________ argued for Capitalism in his book The Wealth of Nations.

In this economic system, people may own private property, but the public controls the means of production.

In a socialist economy individuals have less freedom than communist economies, but more freedom than capitalist economies.

________ argued for Communism in The Communist Manifesto and Das Kapital

The term used for the working class, often used when describing the theories of Karl Marx

The term used for the middle class, used in the 1700s and 1800s

In ___________, the government/people as a group own all property and the means of production. Goods and services are shared equally.

This economic system is related to the idea of "survival of the fittest".

A large gap between the rich/poor, bad working conditions, and child labor were the result of which economic system of the Industrial Revolution.

People that begin or start a business are referred to as:

When Communism was introduced, who would have likely been its biggest supporters?

Karl Marx predicted that with Communism, the government would be unneeded; however, instead ____________ frequently emerged.

In the 1800's and 1900's communist governments/economies emerged in the following locations: