Ideology Flashcards
1
Q
Ideology
A
thoughts and beliefs held in society
2
Q
Communism and Capitalism
A
the 2 main dominant ideologies in the cold war
3
Q
Define communism
A
Capital is owned by the state and profits are distributed equally amongst societal members
4
Q
Define capitalism
A
Capital is owned by individuals and profits are generated for private owners
5
Q
Define Socialism
A
Capital is owned by individuals and profits are redistributed by taxation and social warfare