Unit 6 Flashcards
Capitalism governments role
Let owners of industries compete
Capitalism author
Adam smith
Capitalism basic ideas
Competition between two different industries
Capitalism examples
Government
Utilitarianism aurthor
Jeremy Bentham
Utilitarianism government’s role
Promote the greatest goods for the greatest amount of people
Utilitarianism basic ideas
Workers should be payed more than the owner
Utilitarianism examples
Advertise
Socialism author
Chances founder
Socialism government’s role
Control some industries
Socialism basic ideas
It would protect the poor from greedy factory owners
Socialism examples
Freedom run your own home
Communism author
Karl Marx
Communism government’s role
People would have no role
Communism basic idea
Everyone should have equal pay