Concepts of Capitalism

Without looking it up, what is your current understanding of the definition/meaning of Capitalism?
What are two positives of capitalism?
A. Freedom of choice, private property B. Everyone gets an equal amount C. D. You can work wherever, shop wherever, buy whatever. E. The economy and your life is totally controlled by the government
People are given money according to their contribution and needs in which economic system?
A. B. Communism C. Socialism D. Mutualism E. Capitalism
______________get to make the economic decisions under capitalism.
A. Individuals B. Government C. Literally no one D. E. The President
What is the biggest fault of capitalism?
A. Everyone has their needs met B. The likelihood of monopolies C. Everyone is allowed to make as much or as little as they want D. It's harder to make ends meet E. F. There may be an increased gap between the rich and the poor
Capitalism promotes competition with other products and businesses.
A. True B. C. False
In which economic system is the GOVERNMENT in control of land, resources, and factories?
A. Socialism B. C. Capitalism D. Communism E. Symbolism

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Concepts of Capitalism (Answer Key)

Without looking it up, what is your current understanding of the definition/meaning of Capitalism?
What are two positives of capitalism?
A. Freedom of choice, private property B. Everyone gets an equal amount C. D. You can work wherever, shop wherever, buy whatever. E. The economy and your life is totally controlled by the government
People are given money according to their contribution and needs in which economic system?
A. B. Communism C. Socialism D. Mutualism E. Capitalism
______________get to make the economic decisions under capitalism.
A. Individuals B. Government C. Literally no one D. E. The President
What is the biggest fault of capitalism?
A. Everyone has their needs met B. The likelihood of monopolies C. Everyone is allowed to make as much or as little as they want D. It's harder to make ends meet E. F. There may be an increased gap between the rich and the poor
Capitalism promotes competition with other products and businesses.
A. True B. C. False
In which economic system is the GOVERNMENT in control of land, resources, and factories?
A. Socialism B. C. Capitalism D. Communism E. Symbolism

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