Socialism and Capitalism

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.

A Capitalistic Economy Is Also Known As_________

1. Laissez-Faire

2. Free Economy

3. Market Economy

4. All Of These

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. 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. Socialism believes in ________-driven society.

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

Q. In which of the following is the political and economic system of a country dependent on public ownership and control of natural resources and property?

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

Q. Which of the following statement is true of socialists in the middle of 19th century in Europe?

1. They were in favour of accumulation of wealth.
2. They wanted to encourage capitalist enterpreneurship.
3. They wanted to give employment only to the talented.
4. They were against private property.

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

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

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

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

Q.

Give an example to prove that investment in human capital yields is a rich return to the country

Q. The birth of Socialism was one of the important consequences of _____________.

1. Renaissance
2. Reformation
3. Industrial Revolution
4. All of the above

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.

Which of the following statement/s describe the life of workers in England in the 19th century?

1. Demand for job was seasonal
2. Living conditions were poor
3. There was abundant labour and hence wages were low
4. All of these

Q.

what do u mean by socialist and socialism

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.

briefly explain the differences between the capital and socialists ideas on private property

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. 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