Comparative economic systems | Baamboozle - Baamboozle

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10

what is the definition of factors of production

basic resources used to make goods and services

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10

who is karl marx?

a father of modern day socialism

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10

what kind of role does the laissez faire theory expect from the government?

a limited role

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10

what is communism?

a collective or state ownership of land and other property

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10

what does factors of production include?

land, labor, capital, and the role of entrepreneur

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trap

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shark

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fairy

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lifesaver

Give 25 points!

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boom

Lose 50 points!

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rocket

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rocket

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banana

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10

what role did a bourgeoisie play in the capital enslavement?

a capitalist

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10

what does the government promote and regulate?

the american economic life

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10

what are the characteristics of a communist economy?

role of the communist party, central planning, collectivization, and state ownership

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10

what is a five year plan?

a planning of how leaders want the economy to develop over the next five years

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what does socialism believe in?

sharing economic wealth equally

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what did karl marx write along with friedrich engels?

the communist manifesto

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why was socialism appealing in developing countries?

leaders were interested in industrial growth

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baam

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fairy

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gift

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baam

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trap

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