ISM Flashcards
1
Q
Capitalism
A
An economic system based on private ownership of property and private enterprise.
2
Q
Socialism
A
Political-economic system in which the means of production and distribution are owned by the government or collectively by the people.
3
Q
Social Darwinism
A
The idea that society, like nature, is governed by “survival of the fittest,” explaining why some people prosper and others do not.
