What is Socialism ? Flashcards
What is the primary goal of socialism?
To achieve social and economic equality.
True or False: Socialism promotes private ownership of the means of production.
False
Fill in the blank: Socialism seeks to reduce the gap between the _____ and the rich.
poor
Which economic system is often contrasted with socialism?
Capitalism
What is a key principle of socialism regarding wealth distribution?
Redistribution of wealth
Name one famous socialist thinker.
Karl Marx
True or False: All socialist systems are authoritarian.
False
What does democratic socialism advocate for?
Political democracy alongside social ownership of the means of production.
Multiple Choice: Which of the following is NOT a characteristic of socialism? A) Collective ownership B) Economic planning C) Free market competition
C) Free market competition
What is the term for the economic theory that combines elements of socialism and capitalism?
Mixed economy
Fill in the blank: In socialism, the government typically plays a _____ role in the economy.
larger
What is the concept of ‘social welfare’ in socialism?
Programs designed to support the well-being of citizens.
True or False: Socialism only exists in one form.
False
What is one criticism of socialism?
It can lead to a decrease in individual motivation and innovation.
Which country is often cited as a contemporary example of socialism?
Cuba
What is the term for the belief that social ownership can exist alongside democratic governance?
Democratic socialism
Fill in the blank: Socialism argues that the _____ should benefit society as a whole.
economy
What is one way socialism aims to achieve equality?
By providing free healthcare and education.
True or False: Socialism supports the idea of competition in the marketplace.
False
What role do trade unions play in socialist movements?
They advocate for workers’ rights and better conditions.
