Capitalism Vs Communism Quiz

What is the primary difference between capitalism and communism?

• Capitalism restricts the free market with government intervention, while communism promotes a free market.

• Capitalism allows private ownership and a free market, while communism favors collective ownership and a planned economy.

• Capitalism promotes collective ownership, while communism favors private ownership.

• Communism emphasizes providing incentives for hard work, while capitalism does not.

In which economic system is the ownership of factors of production owned by individuals?

• Communism

• Socialism

• Mixed Economy

• Capitalism

What is the primary goal of capitalism?

• To establish a communist society

• To maximize profit using a planned economy

• To make and maximize profit using democracy and the free market

• To promote economic equality and fairness

Which country is an example of a communist government that has implemented some elements of capitalism?

• China

• Russia

• United States

• Germany

What is the main criticism of capitalism?

• It promotes economic equality and fairness

• It restricts personal freedom

• It eliminates individual contribution

• It leads to income disparity and unequal distribution of wealth

What is the primary focus of communism?

• Promoting individualism and competition

• Minimizing government intervention

• Maximizing profit using a free market

• Replacing private ownership with state-owned organizations

Which economic system prioritizes individual freedom and competitive market?

• Communism

• Socialism

• Mixed Economy

• Capitalism

What is the primary characteristic of capitalism?

• No competition and classless society

• Common ownership and central planning

• High government intervention and command economy

• Minimal government intervention and competitive market

Which ideology aims to establish common ownership and eliminate the private property concept?

• Communism

• Capitalism

• Socialism

• Fascism

What was the primary conflict during the Cold War in the 20th century?

• Capitalism vs. Democracy

• Capitalism vs. Communism

• Communism vs. Dictatorship

• Socialism vs. Fascism