Froggy Jumps Capitalism vs communismVersion en ligne Read and identify if they correspond to what you have learned about these economic systems. par Andrea Hurtado 1 Under capitalism, the means of production are privately owned. a True b False c I do not know 2 Communism promotes private ownership of the means of production. a True b False c I do not know 3 Capitalism is based on competition and the pursuit of individual profit. a True b False c I do not know 4 In a communist system, the state plays an important role in the planning and distribution of resources. a True b False c I do not know 5 In communism, equality of income and wealth is sought among all citizens. a True b False c I do not know 6 In capitalism, prices of goods and services are primarily determined by supply and demand. a True b False c I do not know 7 In communism, there is no concept of social classes. a True b False c I do not know 8 Communism seeks the abolition of private property. a True b False c I do not know
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