Economic and Political Theories

Christian socialism

• A political ideology that promotes capitalism

• A view combining Christian ethics with socialist principles

• A form of atheism that rejects all religions

• A method of economic analysis based on Christian teachings

Marxism

• A political and economic theory developed by Karl Marx

• A form of capitalism that promotes free markets

• A social movement advocating for environmental protection

• A philosophical approach to existentialism

Utilitarianism

• A philosophy that aims for the greatest good for the most people

• A belief in individual rights above all

• A theory that prioritizes the needs of the few over the many

• A doctrine that promotes absolute freedom of choice

Alienation

• In Marxism, the separation of workers from the products of their labor

• A feeling of connection between workers and their work

• A theory that promotes worker ownership of production

• The process of workers becoming more skilled in their jobs

Utopian socialism

• Belief in creating ideal communities based on cooperation

• A political system based on authoritarian rule

• An economic theory advocating for free markets

• A philosophy promoting individualism over collectivism

Means of production

• Resources used to produce goods and services

• A type of economic system

• A form of government regulation

• A method of consumer protection

Capitalism

• An economic system based on private ownership and free markets

• A system where the government controls all economic activity

• An economic model focused on communal ownership

• A trade system based on barter and exchange

Bourgeoisie

• The working class in Marxist theory

• The capitalist class that owns the means of production in Marxist theory

• A political ideology advocating for communal ownership

• A term for the rural peasantry in Marxist theory

Mixed economy

• An economic system that combines elements of capitalism and socialism

• A purely capitalist economic system

• An economic system where the government owns all means of production

• A system that eliminates private property completely

Free market

• An economic system where prices are set by supply and demand

• A system where the government controls prices

• A market that only allows free trade between countries

• A type of market with fixed prices for goods