Match the following items with the type of economy they relate to Free markets create the most wealth A. Marxism B. Neoliberalism : Creation of state institutions to provide public goods like roads but not private: goods like pizza C. Communism (Leninism/Stalinism) D. Statism Vanguard party - Strong philosophical critique of capitalism Adam Smith Workers will rise up on their own and overthrow the capitalist system Use of fiscal policy to stabilize economic markets Command economy : Creation of state institutions to create and ensure economic equality Based on idea that free-market economy is the best but it has some major shortcomings

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Match the following items with the type of economy they relate to
Free markets create the most wealth
A. Marxism
B. Neoliberalism
* Creation of state institutions to provide public goods like roads but not private
goods like pizza
C. Communism (Leninism/Stalinism)
D. Statism
Vanguard party
- Strong philosophical critique of capitalism
Adam Smith
Workers will rise up on their own and overthrow the capitalist system
Use of fiscal policy to stabilize economic markets
Command economy
: Creation of state institutions to create and ensure economic equality
: Based on idea that free-market economy is the best but it has some major
shortcomings
Transcribed Image Text:Match the following items with the type of economy they relate to Free markets create the most wealth A. Marxism B. Neoliberalism * Creation of state institutions to provide public goods like roads but not private goods like pizza C. Communism (Leninism/Stalinism) D. Statism Vanguard party - Strong philosophical critique of capitalism Adam Smith Workers will rise up on their own and overthrow the capitalist system Use of fiscal policy to stabilize economic markets Command economy : Creation of state institutions to create and ensure economic equality : Based on idea that free-market economy is the best but it has some major shortcomings
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