Do You Have Basic Knowledge About Capitalism? Trivia Quiz

10 Questions | Total Attempts: 163

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Do You Have Basic Knowledge About Capitalism? Trivia Quiz - Quiz

By the beginning of the nineteenth century, a series of loosely connected market systems came together as a relatively integrated global system, which in turn intensifying processes of economic and other globalization this was how Capitalism spread across the globe. In a country where Capitalism is practiced, the government does not prohibit private property or prevent individuals from working where they please. Can you top this quiz?


Questions and Answers
  • 1. 
    Which of these defines capitalism?
    • A. 

      Private ownership

    • B. 

      Monetary Industrialization

    • C. 

      Business startup fund

    • D. 

      Individual ownership

  • 2. 
    Who promoted Laissez-faire in Europe?
    • A. 

      Vincent Courtney

    • B. 

      Thompson Jaoz

    • C. 

      Vincent de Gourney

    • D. 

      Joshua Brenton

  • 3. 
    How many features characterise the advance capitalism?
    • A. 

      6

    • B. 

      5

    • C. 

      4

    • D. 

      3

  • 4. 
    Who brought Finance capitalism into prominence?
    • A. 

      Rudolf Hilferding

    • B. 

      Vladmir Lenin

    • C. 

      Herbert Charles

    • D. 

      Jefferson Moore

  • 5. 
    What is the term given to a system in which the prices for goods and services are determined by the consumer and open market?
    • A. 

      General market

    • B. 

      Free market

    • C. 

      Demand-supply market

    • D. 

      Relative supply market

  • 6. 
    What is another name for Rhine market?
    • A. 

      Social Market

    • B. 

      Open market

    • C. 

      Mobile market

    • D. 

      None

  • 7. 
    Which of these is not a characteristics of capitalism?
    • A. 

      Capital Accumulation

    • B. 

      Government ownership

    • C. 

      Intensive capital labour

    • D. 

      Commodity production

  • 8. 
    What fostered the acceptance of capitalism across nations of the world?
    • A. 

      Industrialisation

    • B. 

      Privatisation of government firms

    • C. 

      Globalisation

    • D. 

      The great depression

  • 9. 
    What does Laissez-faire simply mean?
    • A. 

      Private Transaction

    • B. 

      Government Trading

    • C. 

      Import and Export

    • D. 

      International Marketing

  • 10. 
    Which of these believed there was a role of commerce in the society?
    • A. 

      Confucius

    • B. 

      Aristole

    • C. 

      Plato

    • D. 

      Thomas Aquinas

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