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
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
Chapter1: Making Economics Decisions
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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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