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Socialism vs Capitalism Flashcards | StudBud
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Socialism vs Capitalism
Socialism vs Capitalism
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Questions
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Answers
1
Public utilities, internet service, & health care centers are examples of...
Capitalism in the United States
Socialism in the United States
2
What is Capitalism?
An economic system based on private ownership.
A political theory advocating state ownership of industries.
3
Entrepreneurship falls under
Socialism
Capitalism
4
Very high competition
Capitalism
Socialism
5
Developed by Karl Marx
Socialism
Capitalism
6
Price is determined by Gov
Socialism
Capitalism
7
Advocates equality and fairness in society
Socialism
Capitalism
8
Price determined by market
Capitalism
Socialism
9
What is Socialism ?
A political theory advocating state ownership of industries.
An economic system based on private ownership.
10
Which consider labor & capital to be primary economic forces?
Socialism
Capitalism
I don't know
