Wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Capitalism and Communism

Total questions: 15

Worksheet time: 15mins

Name
Class
Date
1.

In ___________, individuals own both private property and the means of production (factories, machines, tools, etc.).

a)

Capitalism

b)

Socialism

c)

Communism

d)

Mercantilism

2.

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.

a)

Capitalist

b)

Socialist

c)

Communist

d)

Mercantilist

3.

argued for Capitalism in his book The Wealth of Nations.

a)

Karl Marx

b)

Friedrich Engles

c)

Adam Smith

d)

John Locke

4.

________ argued for Communism in The Communist Manifesto and Das Kapital

a)

Adam Smith

b)

Karl Marx

c)

Josef Stalin

d)

Vladimir Lenin

5.

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

a)

Serfs

b)

Second Estate

c)

Bourgeoisie

d)

Proletariat

6.

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

a)

Capitalism

b)

Socialism

c)

Communism

d)

Mercantilism

7.

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

a)

Capitalism

b)

Mercantilism

c)

Socialism

d)

Communism

8.

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

a)

Capitalism

b)

Socialism

c)

Communism

d)

Mercantilism

9.

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

a)

Upper Class

b)

Middle Class

c)

Lower Class

10.

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

a)

Democracy

b)

Dictatorships

c)

Freedom of Choice

d)

Tolerance of Multiple Political Parties

11.

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

a)

United States, Japan & Germany

b)

Brazil, Mexico & Canada

c)

Britain, France & Spain

d)

Russia, China & Cuba

12.

Identify this father of communist theory

a)

Adam Smith

b)

Friedrich Engels

c)

Karl Marx

d)

Charles Dickens

13.

Which of the following is a key characteristic of capitalism?

a)

A) Collective ownership of resources

b)

B) Centralized economic planning

c)

C) Private ownership of property

d)

D) Equal distribution of wealth

14.

In a communist system, who typically controls the means of production?

a)

A) Private individuals

b)

B) The government or the community as a whole

c)

C) Foreign investors

d)

D) Religious institutions

15.

Which economic system is often associated with the concept of 'class struggle'?

a)

A) Capitalism

b)

B) Feudalism

c)

C) Communism

d)

D) Mercantilism