Economic Systems - Capitalism and Socialism
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Last updated 5 months ago
12 questions
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1
Where is Adam Smith from?
Where is Adam Smith from?
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1
What was his job?
What was his job?
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1
Any economist is an expert on business and finances
Any economist is an expert on business and finances
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1
Smith wrote a book called the Communist Manifesto.
Smith wrote a book called the Communist Manifesto.
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3
| Draggable item | arrow_right_alt | Corresponding Item |
|---|---|---|
Individualism | arrow_right_alt | Smith's belief that wealth came from businesses competing with each other. |
Invisible Hand | arrow_right_alt | Bussiness should be free to do what they want without government influence or rules |
Competition | arrow_right_alt | the idea that the amount of goods and people's desire to have them should determine what is produced - Supply and Demand |
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1
Where was Karl Marx born?
Where was Karl Marx born?
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1
Which best describes Marx's views on the lives of workers during the Industrial Revolution?
Which best describes Marx's views on the lives of workers during the Industrial Revolution?
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1
Which book was written by Karl Marx?
Which book was written by Karl Marx?
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1
Class struggle is the competition between the rich and poor.
Class struggle is the competition between the rich and poor.
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1
Marx believed that if you worked hard and made enough money you should buy a big house with a big yard.
Marx believed that if you worked hard and made enough money you should buy a big house with a big yard.
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1
The quote at the bottom of the infographic means -
The quote at the bottom of the infographic means -
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1
Match the items with the correct economist
Match the items with the correct economist
- Supply and Demand
- The Wealth of Nations
- Competition
- Socialism
- Communist Manifesto
- Scotland
- Prussia
- Class Struggle
- Adam Smith
- Karl Marx