vocabulary-Socialism

Question 1

Socialism

Answer 1

a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.

Question 2

Utopia

Answer 2

an imagined place or state of things in which everything is perfect. The word was first used in the book Utopia (1516) by Sir Thomas More.

Question 3

Robert Owen

Answer 3

Robert Owen (/ˈoʊᵻn/; 14 May 1771 – 17 November 1858) was a Welsh social reformer and one of the founders of utopian socialism and the cooperative movement. He worked in the cotton industry in Manchester before setting up a large mill at New Lanark in Scotland.

Question 4

Karl Marx

Answer 4

Karl Marx was a philosopher and economist famous for his ideas about capitalism and communism. Marx, in conjunction with Friedrich Engels, published “The Communist Manifesto” in 1848; later in his life, he wrote “Das Kapital,” which discussed the labor theory of value.

Question 5

Communism

Answer 5

a political theory derived from Karl Marx, advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs.

Question 6

proletariat

Answer 6

workers or working-class people, regarded collectively (often used with reference to Marxism).

Question 7

democratic

Answer 7

relating to the Democratic Party.

Question 8

communist manifesto

Answer 8

The Communist Manifesto (originally Manifesto of the Communist Party) is an 1848 political pamphlet by German philosophers Karl Marx and Friedrich Engels.

Question 9

capatalism

Answer 9

an economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state.

Question 10

Thomas malthus

Answer 10

Thomas Malthus’ An 18th-century British philosopher and economist famous for his ideas about population growth. Malthus’ population theories were outlined in his book, “An Essay on the Principle of Population”, first published in 1798.

Question 11

David Ricardo

Answer 11

David Ricardo was a classical economist known for his Iron Law of Wages, labor theory of value, theory of comparative advantage and theory of rents. David Ricardo and several other economists also simultaneously and independently discovered the law of diminishing marginal returns.

Question 12

dictatorship

Answer 12

government by a dictator.

Question 13

laissez faire

Answer 13

abstention by governments from interfering in the workings of the free market.

Question 14

Adam smith

Answer 14

Adam Smith FRSA was a Scottish economist, philosopher, and author. He was a moral philosopher, a pioneer of political economy, and was a key figure during the Scottish Enlightenment era.

Question 15

friedrich engles

Answer 15

Friedrich Engels (English /ˈɛŋɡəlz/ or /ˈɛŋəlz/; German: [ˈfʁiːdʁɪç ˈɛŋəls]; 28 November 1820 – 5 August 1895) was a German philosopher, social scientist, journalist, and businessman. He founded Marxist theory together with Karl Marx.

Question 16

Declaration of rights of woman

Answer 16

the Declaration of the Rights of Woman, was written in 1791 by French activist, feminist, and playwright Olympe de Gouges in response to the Declaration of the Rights of Man and of the Citizen.

Question 17

Suffrage

Answer 17

a series of intercessory prayers or petitions.