

GOVT: Economic Systems in a Global World and the US
Flashcard
•
Social Studies
•
12th Grade
•
Practice Problem
•
Hard
Michael Arney
FREE Resource
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30 questions
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1.
FLASHCARD QUESTION
Front
Economic systems
Back
The means by which countries and governments distribute resources and trade goods and services.
2.
FLASHCARD QUESTION
Front
Political systems
Back
The system of politics and government in a country; it governs the rules and norms of political activities.
3.
FLASHCARD QUESTION
Front
Capitalism
Back
An economic system characterized by private or corporate ownership of capital goods, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market.
4.
FLASHCARD QUESTION
Front
Communism
Back
A political and economic ideology advocating for a classless system in which the means of production are owned communally.
5.
FLASHCARD QUESTION
Front
Marxism
Back
A social, political, and economic theory originated by Karl Marx, which focuses on the struggles between capitalists and the working class.
6.
FLASHCARD QUESTION
Front
Socialism
Back
An economic and political system where the means of production, distribution, and exchange are owned or regulated by the community as a whole.
7.
FLASHCARD QUESTION
Front
Fascism
Back
A far-right, authoritarian ultranationalistic political ideology and movement characterized by dictatorial power and forcible suppression of opposition.
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