Capitalism vs Socialism

Last updated over 5 years ago

10 questions

2

11

Last updated over 5 years ago

10 questions

2

Economic system that allows for private ownership and competition.

2

2

2

2

2

2

2

2

11

Viewed life as a constant struggle between "haves" and "have nots"
Belived that self interest and competition are good things that will help create better products at lower prices.
Saw the Industrial Revolution as a creating a widening gap. The rich get richer and the poor get poorer.
Supported ideas of Socialism.
Supported ideas of Capitalsim.
Would have said "Workers of the world, unite".
Favored privately owned property and businesses.
Believed that the state is more important than the individual.
Favored free market economy with supply and demand.
Believed that the government should not be involved in business.
Wanted there to be a classless society in which everyone is equal.

Viewed life as a constant struggle between "haves" and "have nots"

Belived that self interest and competition are good things that will help create better products at lower prices.

Saw the Industrial Revolution as a creating a widening gap.  The rich get richer and the poor get poorer.  

Supported ideas of Capitalsim.

Would have said "Workers of the world, unite".

Favored privately owned property and businesses.

Believed that the state is more important than the individual.

Favored free market economy with supply and demand.

Believed that the government should not be involved in business.

Wanted there to be a classless society in which everyone is equal.

Karl Marx

Adam Smith