Economic Systems - Capitalism and Socialism

Last updated 10 months ago

12 questions

Required

1

Last updated 10 months ago

12 questions

Required

1

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Match the items with the correct economist

Northern Ireland

England

Wales

Scotland

Economist

Philosopher

King

Entrepreneur (business creator/owner)

True

False

True

False

Draggable item		Corresponding Item
Invisible Hand		Smith's belief that wealth came from businesses competing with each other.
Competition		Bussiness should be free to do what they want without government influence or rules
Individualism		the idea that the amount of goods and people's desire to have them should determine what is produced - Supply and Demand

Russia

Prussia

Poland

England

Happy and satisfying

Difficult and unpleasant

An opportunity for personal growth

Socialist Manifesto

Class Struggle

Communist Manifesto

Engles Manifesto

True

False

True

False

Bussiness owners worked to better the lives of employees

Some people were born to lead and others to follow

Workers should revolt against the business owners and government leaders

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

Where is Adam Smith from?

Northern Ireland

England

Wales

Scotland

What was his job?

Economist

Philosopher

King

Entrepreneur (business creator/owner)

Any economist is an expert on business and finances

True

False

Smith wrote a book called the Communist Manifesto.

True

False

Invisible Hand

Smith's belief that wealth came from businesses competing with each other. 

Competition

Bussiness should be free to do what they want without government influence or rules

Individualism

the idea that the amount of goods and people's desire to have them should determine what is produced - Supply and Demand

Where was Karl Marx born?

Russia

Prussia

Poland

England

Which best describes Marx's views on the lives of workers during the Industrial Revolution?

Happy and satisfying

Difficult and unpleasant

An opportunity for personal growth

Which book was written by Karl Marx?

Socialist Manifesto

Class Struggle

Communist Manifesto

Engles Manifesto

Class struggle is the competition between the rich and poor.

True

False

Marx believed that if you worked hard and made enough money you should buy a big house with a big yard.

True

False

The quote at the bottom of the infographic means - 

Bussiness owners worked to better the lives of employees

Some people were born to lead and others to follow

Workers should revolt against the business owners and government leaders