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What is Capitalism? - Definition & Examples

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

According to the lesson, what are three types of economic systems?

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1. What is one of the most important identifiers of capitalism?

2. What does capitalism offer business owners?

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About This Quiz & Worksheet

Various concepts and principles contribute to the economic idea that is capitalism. The quiz and worksheet for this lesson will help you to learn about the details of these elements and understand how and why they work.

Quiz & Worksheet Goals

These assessments will test you on:

  • Identifiers of capitalism
  • Types of economic systems
  • Business owners and capitalism
  • Examples of capitalist-oriented scenarios
  • Taxes in a capitalist system

Skills Practiced

The quiz and worksheet will measure your skills in these areas:

  • Reading comprehension - ensure that you draw the most important information from the related lesson on the elements of capitalism
  • Critical thinking - apply relevant concepts to examine information about operating a business in a capitalist system in a different light
  • Knowledge application - use your knowledge to answer questions about taxes and capitalism

Additional Learning

To be sure that you have learned the material, spend some time reviewing the associated lesson titled What is Capitalism? - Definition & Examples. You can achieve these objectives while studying this lesson:

  • Discover how capitalism benefits business owners
  • Understand how a tax system works under capitalism
  • Know different types of economic systems
  • Identify the specific traits of a capitalist system
  • Utilize examples of capitalism in business
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