ISM

Question 1

Capitalism

Answer 1

An economic system based on private ownership of property and private enterprise.

Question 2

Socialism

Answer 2

Political-economic system in which the means of production and distribution are owned by the government or collectively by the people.

Question 3

Social Darwinism

Answer 3

The idea that society, like nature, is governed by “survival of the fittest,” explaining why some people prosper and others do not.