A | B |
____ and ____ competition fueled the Industrial Revolution. | Capitalism market |
Due to the Industrial Revolution, ____ increased the standard of living for some people. | wealth |
Social dislocations due to capitalism led to new economic ideas such as ____ and ____ | socialism communism |
Who wrote Wealth of Nations? | Adam Smith |
Who is considered the father of capitalism? | Adam Smith |
Capitalism relies on market competition and the abilities of ____. | entrepreneurs |
Capitalism led to gowth of which social class? | middle |
Capitalism led to dissatisfaction with poor ____. | working conditions |
Capitalism led to the ____ distribution of wealth. | unequal |
Who wrote Communist Manifesto and Das Capital. | Karl Marx |
Who is considered the father of communism? | Karl Marx |
Communism was a response to the injustices of ____. | capitalism |
The ____ of wealth is important to communists. | redistribution |
In which economic system do individuals control the means of production and distribution of goods and services? | capitalism |
In which economic system does the government control the means of prodution and distribution of goods and services? | communism |
In which economic system does the government control part of the means of production and distribution while individuals control the rest? | socialism |