Capitalizm, Socialism & Communism Flashcard

Front

Redistribution of income (distributing wealth and income)

Back

Socialism

Front

Health care left to the free-market (left to privately owned businesses to provide)

Back

Capitalism

Front

Which economic system promotes competition? Options: Communism, Capitalism, Socialism

Back

Capitalism

Front

Who controls the means of production in a socialist society?

Back

Government

Front

Which is NOT a characteristic of Capitalism? Options: Market Economy, Supply and Demand, Freedom of Competition, Classless Society

Back

Classless Society

Front

The government might control these resources but the profits are divided among the people.

Back

Socialism

Front

In a socialist economy, the wealth is distributed evenly among citizens.

Back

True

Front

In a Communist country, workers have no ________ to work harder.

Back

Incentive

Front

______________get to make the economic decisions under capitalism.

Back

Individuals

Front

In which economic system is the GOVERNMENT in control of land, resources, and factories?

Back

Socialism