Economic Systems Basics

Capitalism must be overthrown for communism to succeed.

The United States uses a __________ economy.

Milwaukee Police Department is an example of __________ philosophy.

Whitefish Bay High School is an example of __________ philosophy.

During the Industrial Revolution, poor workers were advocates of capitalism

Socialism's goal is to reduce income inequalities

What is not a characteristic of capitalism?

Who is John Stuart Mill?

The ideas of Karl Marx developed socialism

Laissez-Faire capitalism uses no government intervention

What is not a quality of a laiseez-faire economy

Milwaukee County Parks is an example of __________ philosophy.

John Stuart Smith's ideas laid the ground work for

Starbucks is an example of __________ philosophy.

Capitalists would oppose a minimum wage law

Who is the father of capitalism?

What is NOT a natural law of capitalism?

The goal of capitalism is

What is not a response to laissez-faire philosophy?