Economic Systems
This economic system is based on private ownership and the free market, where decisions about investment, production, and distribution are driven by market forces.
What is a Capitalist (or Free Market) Economy?
The Gini Index is graphically represented by this curve compared against the line of equality.
What is the Lorenz curve?
This flightless bird is known for running really fast and sticking its head in the sand, which it actually doesn’t do.
What is an ostrich?
This country has no rivers, even though it’s surrounded by water.
What is Saudi Arabia?
This individual co-founded a technology company in a garage in 1976 and is known for pioneering personal computers, smartphones, and digital music players.
Who is Steve Jobs?
Sweden and Canada are examples of countries that operate under this economic system, which combines both private and public sector influence.
What is a Mixed Economy?
Despite having high average incomes, this global superpower has one of the higher Gini Index scores among developed nations.
What is the United States?
This popular pizza topping is also the subject of a heated debate about whether it belongs on pizza at all.
What is pineapple?
In Scotland, it’s illegal to refuse entry to someone knocking at your door to do this.
What is use the bathroom?
This CEO of Amazon is credited with revolutionizing online shopping and cloud computing.
Who is Jeff Bezos?
North Korea and Cuba are examples of countries with this economic system, where the government controls most aspects of production and distribution.
What is a Command Economy?
This Scandinavian country consistently has one of the lowest Gini Index scores, indicating high levels of equality.
What is Denmark?
In Switzerland, it’s illegal to own just one of these social pets because they might get lonely.
What are guinea pigs?
This U.S. president was also a licensed bartender.
Who is Abraham Lincoln?
This civil rights leader gave the famous "I Have a Dream" speech during the 1963 March on Washington
Who is Martin Luther King Jr.?
This country transitioned from a centrally planned economy to a market-based system in the 1990s, with dramatic reforms under the leadership of Boris Yeltsin.
What is Russia?
This continent generally has some of the highest Gini Index scores, partly due to uneven economic development.
What is Africa?
This fruit has its seeds on the outside, which is weird when you think about it.
What is a strawberry?
This mammal has the ability to delay its own pregnancy until conditions are favorable for giving birth.
What is a kangaroo?
This Spanish painter is known for co-founding the Cubist movement and creating "Guernica."
Who is Pablo Picasso?
This economist is known for his development of the theory of communism and the idea that the working class should overthrow capitalism.
Who is Karl Marx?
A Gini Index score close to 1 indicates this extreme type of income distribution.
What is perfect inequality?
This fruit, when tossed in Mario Kart, is a weapon, but in real life, it’s just a slippery snack.
What is a banana?
This type of particle moves faster in glass than in air, which is why glass isn’t actually "solid" in the traditional sense.
What is light?
This entrepreneur transformed a small discount store into the global retail giant Walmart.
Who is Sam Walton?