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Capitalism and the Free Market: Definition & Limitations

Instructions:

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

question 1 of 3

Which one of the following is NOT a characteristic of capitalism?

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1. How should a government behave in a capitalist system?

2. What determines the price of a good or service in a capitalistic economy?

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About This Quiz & Worksheet

There are several primary features of capitalism. This worksheet/quiz combo provide a review of its characteristics and limitations.

Quiz & Worksheet Goals

In this assessment you'll be tested on:

  • Role of government in capitalism
  • Explanation of free market
  • Characteristics and limitations of capitalism
  • Price of goods in a capitalistic economy

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from each section of the lesson
  • Defining key concepts - ensure that you can accurately define main phrases, such as capitalism
  • Knowledge application - use your knowledge to identify how the price of a good or service is determined under captialism

Additional Learning

To learn more, review the lesson titled Capitalism and the Free Market: Definition & Limitations. The lesson contains the following objectives:

  • Identify the primary features of capitalism
  • Define key terms such as freedom of exchange and competitive market
  • Know the limits to capitalism
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