Economic Systems - Capitalism and Socialism

Last updated 8 months ago

12 questions

Required

1

Library

Economic Systems - Capitalism and Socialism

Last updated 8 months ago

12 questions

Required

1

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1

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3

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Match the items with the correct economist

Supply and Demand
The Wealth of Nations
Competition

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Where is Adam Smith from?

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What was his job?

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Any economist is an expert on business and finances

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Smith wrote a book called the Communist Manifesto.

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

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?

What was his job?

Any economist is an expert on business and finances

Smith wrote a book called the Communist Manifesto.

Draggable item		Corresponding Item
Competition		Smith's belief that wealth came from businesses competing with each other.
Individualism		Bussiness should be free to do what they want without government influence or rules
Invisible Hand		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?

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

Which book was written by Karl Marx?

Class struggle is the competition between the rich and poor.

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

The quote at the bottom of the infographic means -

Socialism

Communist Manifesto

Scotland

Prussia

Class Struggle

Adam Smith

Karl Marx