-isms

Question 0

Capitalism

Answer 0

Type of market system where private individuals and businesses own the means of producing goods and services based upon initiative, competition, and profit

Question 1

Absolutism

Answer 1

Rule of absolute monarch in an administrative monarchy. Total rule (Louis XIV)

Question 2

Communism

Answer 2

Extreme form of socialism, in which workers (government) control the means of producing goods and services (Marx & Engels)

Question 3

Democracy

Answer 3

Government structure based on popular sovereignty (people) public policies and representation by the vote

Question 4

Fascism

Answer 4

A totalitarian governmental system led by a dictator (autocrat) and emphasizing aggressive nationalism / racism (Hitler and Mussolini)