Froggy Jumps Socialism vs. Capitalism QuizOnline version Test your knowledge on socialism and capitalism with this engaging quiz! by sarah ayyad 1 What is the primary goal of socialism? a To maximize individual profit. b To eliminate all forms of government. c To achieve economic equality and social welfare. 2 Which system emphasizes private ownership of production? a Socialism b Communism c Capitalism. 3 In socialism, who typically owns the means of production? a Foreign corporations b Private individuals c The state or the community. 4 What is a common criticism of capitalism? a It promotes government control. b It eliminates competition. c It can lead to economic inequality. 5 Which economic system advocates for free markets? a Feudalism b Capitalism. c Socialism 6 What is a key feature of socialism? a Redistribution of wealth. b Monopolistic practices c Complete deregulation 7 Which ideology promotes collective ownership? a Libertarianism b Capitalism c Socialism. 8 What does capitalism prioritize? a State control b Community welfare c Individual profit and competition. 9 Which system is often associated with planned economies? a Anarchism b Capitalism c Socialism. 10 What is a fundamental principle of capitalism? a Government sets all prices. b Supply and demand determine prices. c Wealth is distributed equally.
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