25.4 Economies

Policy where the government does not interfere with businesses (hands-off)

• Laissez-Faire

• Socialism

• Capitalism

• Command Economy

Private citizens own businesses

• Laissez-Faire

• Capitalism

• Socialism

• Command Economy

Businesses are owned by both private citizens and government

• Laissez-Faire

• Capitalism

• Mixed Economy/Socialism

• Communism/Command Economy

The government owns all business - all citizens are equal

• Lassiez-Faire

• Capitalism/Market

• Socialism/Mixed

• Command/Communism

A call for a work stoppage

• End of shift

• Negotiatation

• Strike

• Communism

Author of The Wealth of Nations; advocates for laissez-faire/capitalism

• John Snow

• Karl Marx

• Adam Smith

• Theodore Roosevelt

Where prices are set according to laws of _____________ and __________

• supply and price

• supply and demand

• demand and transporation

• demand and warranty

Economy where government will provide big items (Such as healthcare)

• Laissez-Faire

• Socialism

• Communism

• Marxism

Another name for the bougeoise

• peasants

• farmers

• workers

• owners

Who are the proletariats?

• peasants

• farmers

• workers

• owners