Capitalism
A different name for Capitalism.
What is a Free Enterprise System?
The founders of Modern-day Socialism.
Who is Karl Marx and Friedrich Engels?
A voluntary process where small private farms are merged with larger government-owned agricultural enterprises.
What is collectivization?
When a government intervenes to promote and regulate the economy.
What is a mixed economy?
An agency/organization that strives for social and economic equality among all members of society.
What is the government?
The process of returning nationalized enterprises to private ownership.
What is privatization?
The four things that Entrepreneurs use to produce goods and services.
What is Land, Labor, Brain power, and Capital?
Another name for workers and Capitalists.
What are Proletariat and Bourgeoisie?
A plan that is set with agricultural or industrial goals.
What is a Five-year plan?
The fundamental elements of capitalism.
What is Private ownership, individual initiative, profit, and competition?
European parties believed that socialism would end.
What is the way of peaceful and democratic means?
A large agency that introduced centralized planning and launched the first five year plan.
What is Gosplan?
The organization of a business.
What is a sole proprietorship, partnership, or corporation?
Features that the government own.
What is the ownership of industry, high taxes, and generous public welfare programs?
The final stage in human history would be world of peaceful, democratic communes.
What is Karl Marx's prediction?