Capitalism - SS1 Government Past Questions and Answers - page 1
1
Who owns and controls the means of production in a capitalist system?
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A
The government
B
Private individuals or companies
C
Religious institutions
2
What determines prices in a capitalist system?
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A
Government regulations
B
Consumer preferences
C
Political leaders
3
What does capitalism encourage?
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A
Collaboration
B
Competition
C
A centralized economy
4
What are some drawbacks of capitalism?
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A
Income equality and environmental sustainability
B
Government control and social welfare
C
Resource abundance and low unemployment
5
Which of the following can lead to economic growth and development in capitalism?
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A
Regulation
B
 Innovation
C
Monopoly
7
What are some potential negative effects of capitalism?
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