Definitions

Question 1

What is communism?

Answer 1

Individual people do not own land. Government/community owned land collectively and all wealth is shared among the people based on their needs.

Question 2

What is socialism

Answer 2

Political and economic view of social organization where means of production, distribution and exchange should be owned and/or regulated by the community.

Question 3

What is capitalism?

Answer 3

Economic and political idea where a country’s trade and industry is owned and controlled by private and public equity. E.g.: Free market and trade

Question 4

Nazism

Answer 4

The ideology and practices associated with the Nazi party - characterized by extreme nationalism, racism, conservative/traditional

Question 5

Facism

Answer 5

Society is controlled and dictated by single-leader, highly conservative society, highly nationalist, encourage, collaboration between classes for the good of the country. Originated from Mussolini