Comparative Political and Economic Ideologies Quiz

Socialism seeks to eliminate private property and create a classless society.

Karl Marx is credited as the founding father of communism.

Capitalism is characterized by private ownership of the means of production and free market competition.

Adam Smith authored 'The Wealth of Nations,' a foundational work in economics.

Socialism prioritizes collective ownership of the means of production and aims for a classless society.

Conservatism stresses the preservation of traditional institutions and customs.

Adam Smith introduced the concept of the 'Invisible Hand' in economics.

Socialism advocates for the equal distribution of wealth and resources among citizens.

Friedrich Hayek is associated with the concept of the 'night-watchman state.'

Socialism promotes the idea of a planned economy and collective ownership of resources.

Libertarianism advocates minimal government intervention in the economy and emphasizes individual freedom.

Fascism advocates for a totalitarian government, centralized control, and suppression of individual rights.

Fascism advocates for a hierarchical society led by a single authoritarian leader and emphasizes nationalism.

Anarchism opposes all forms of hierarchical authority, including government, and advocates for decentralized decision-making.

Fascism advocates for a strong central government led by a dictator, suppression of opposition, and regimentation of society and the economy.