Russian Rev Flashcards
1
Q
communism
A
political and economic system where property is owned by the people and share wealth according to needs
2
Q
capitalism
A
countries trade is controlled by private owners who are working for profit
3
Q
socialism
A
mix of capitalism and communism large businesses are govt owned small or private owned
4
Q
command economy
A
system govt makes all economic decisions
5
Q
market economy
A
individuals make economic decisions no govt
