Socialism and Capitalism

Q. Explain the concept of Socialism and Capitalism.

Q. Explain the concept of Socialism and Capitalism.

Q. Socialism believes in ________-driven society.

1. non-profit
2. loss
3. profit
4. excess

Q. The economy of Finland encourages private ownership of property and free enterprise while the government exercises monopoly over certain strategic sectors. It is a welfare state that enforces universal healthcare and education for its citizens. What kind of economic and political system does Finland follow?

1. Socialism
2. Capitalism
3. Communism
4. Communalism

Q. is a political theory that propagates private ownership of the means of production.

1. Socialism
2. Communism
3. Capitalism

Q. From the following, select the two ideas supported by Socialism.

1. worker exploitation
2. coopoerative living
3. public ownership of resources
4. private ownership of resources

Q. This economic and political system is dominated by private enterprises. The factors of production are owned by private individuals or firms. This system believes in a free-market economy and encourages ownership of private property and creation of wealth. Identify this system.

1. Socialism
2. Communism
3. Capitalism
4. Marxism

Q. is a political or economic system which demands public ownership and control of natural resources and property.

1. Socialism
2. Leninism
3. Capitalism

Q. Which of the following ideology believes that true equality will be achieved when society controls the resources it provides?

1. Capitalism
2. Socialism
3. Democracy
4. Liberty

Q. From the following, select the two ideas supported by Socialism.

1. worker exploitation
2. coopoerative living
3. public ownership of resources
4. private ownership of resources

Q. _________ is a system that believes in private ownership of money and power.

1. Capitalism
2. Socialism
3. Communism
4. Marxism

Q. Which theory was opposed by the capitalists and traders?

1. Socialism
2. Capitalism
3. Marxism
4. Laissez-Faire

Q. "Socialistic Pattern" comes through ______________.

1. f`ree economy
2. mixed economy
3. public sector
4. none of the above

Q. _________ is a system that believes in private ownership of money and power.

1. Capitalism
2. Socialism
3. Communism
4. Marxism

Q. Which of the following ideology believes that true equality will be achieved when society controls the resources it provides?

1. Democracy
2. Liberty
3. Capitalism
4. Socialism

Q.

Mention any three features of socialism

Q. This economic and political system is dominated by private enterprises. The factors of production are owned by private individuals or firms. This system believes in a free-market economy and encourages ownership of private property and creation of wealth. Identify this system.

1. Socialism
2. Communism
3. Capitalism
4. Marxism