chapter 13 section 5 fill in the blank Flashcards
the capital and equipment used to produce and exchange goods are called the ________
means of production
karl marx saw the capitalist stage of the 1880s as a struggle between the owners of the means of production, or bourgeoisie, and the working class, or
proletariant
the political and economic system in which the government owns the means of production and operates them for the benefit of all people, rich or poor, is called
socialism
_______ said “From each according to his abilities, to each according to his needs.”
Karl Marx
the economic and political system in which governments own the means of production and control all economic planning is known today as ______or authoritarian socialism
socialism
might be communism