Johnson - Capitalism, Communism, and Socialism

Flashcard
•
Social Studies
•
8th Grade
•
Easy
Amy C Johnson
Used 3+ times
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10 questions
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1.
FLASHCARD QUESTION
Front
Which is a characteristic of Communism?
Back
Classless Society
2.
FLASHCARD QUESTION
Front
This economic system is based on competition, profits, and self-interest.
Back
Capitalism
3.
FLASHCARD QUESTION
Front
In a communist society, who controls the economy?
Back
The Government
4.
FLASHCARD QUESTION
Front
How does socialism differ from capitalism?
Back
In socialism, the government controls the means of production; whereas, capitalism focuses on the private owner.
5.
FLASHCARD QUESTION
Front
What does communism believe in?
Back
Economic equality through elimination of private property.
6.
FLASHCARD QUESTION
Front
This economic system aims to make the best products for the lowest amount of money, which often times leads to bad treatment of workers.
Back
Capitalism
7.
FLASHCARD QUESTION
Front
Greed is a weakness of which system? Options: Capitalism, Communism, Socialism
Back
Capitalism
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