Capitalism & Socialism Quiz

 

Select the radio button next to the correct answers to the questions.

1.The economic system based on private or corporate ownership of, production and distribution is

socialism capitalism feudalism

2. This phrase means the government should not interfere in the economy

free enterprise freedom of speech freedom of the press

3. Competition is a feature of

socialism capitalism feudalism

4. An economic theory or idea that states that the government or the state should be in charge of economic planning, production and distribution of goods.

socialism capitalism feudalism

5. A form of socialism based on the writings of Marx and Engels that predominated in the former Soviet Union and Eastern Europe at one time and predominates in China and Cuba is

feudalism mercantilism communism