an economic system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.

is a socioeconomic system structured upon the common ownership of the means of production and characterized by the absence of social classes, money, and the state

Which of the following does NOT describe capitalism?

Which of the following does NOT describe communism?

A system of government in which power is vested in the people, who rule either directly or through freely elected representatives. Equality and Rights are important characteristics of this system.

is a political system in which the state holds total authority over the society and seeks to control all aspects of public and private life wherever possible.

Which of the following is incorrectly paired?

a theory prominent from the 1950s to the 1980s, that speculated that if one state in a region came under the influence of communism, then the surrounding countries would follow

a United States policy to prevent the spread of communism abroad.

Political Document that established that the United States would provide political, military and economic assistance to all democratic nations under threat from external or internal authoritarian forces.

Socialism is most similar to which of the following Economies?

A mixed economy is the most similar to which of the following economies?

Which of the following would NOT exist in a TRUE capitalist society?

Jim is tired of being poor. He works everyday, but it seems that the only person that makes enough money is his boss, but maybe some day Jim will be the boss. In what economic system does Jim live?

Jim is tired of being poor. He works everyday, but it seems that the only person that makes enough money is his boss, and Jim know he'll never be the boss. What economic system would better suit Jim in terms of economic equality?

If a nation switches from a communist economy to a capitalist economy, which of the following NOT a problem with this transformation?

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