2.3 Socialism

• Common ownership in socialism means there is no private property.

  True
• What role does central planning play in a socialist economy?

  Replaces market forces
• Socialism aims to achieve greater economic and social equality
• Central planning in socialism allows market forces to determine economic outcomes.

  False
• What is the summary of socialism's main goals and methods?

  Equality through collective control
• What is a key characteristic of Marxism-Leninism?

  Central planning
• Fabian socialism advocates for incremental reforms to achieve socialism.


  True
• Match the type of socialism with its key characteristic:

  Marxism-Leninism ↔️ Revolutionary single-party state

  Democratic Socialism ↔️ Gradual transition within democracy

  Fabian Socialism ↔️ Incremental reforms for welfare state

  Market Socialism ↔️ State ownership with market forces
• What is the core principle of socialism regarding ownership of production, distribution, and exchange?

  Community ownership
• Socialism aims to achieve greater economic and social equality
• Workers' control in socialism means they have a direct say in workplace operations.


  True
• What is the main goal of common ownership in socialism?

  Collective control
• Match the key features of socialism with their descriptions:

  Common Ownership ↔️ Community controls production

  Equality ↔️ Greater economic and social parity

  Central Planning ↔️ Government-led economy

  Workers' Control ↔️ Direct say in workplace
• Order the types of socialism from most revolutionary to most gradualist:

  1️⃣ Marxism-Leninism

  2️⃣ Democratic Socialism

  3️⃣ Fabian Socialism

  4️⃣ Market Socialism
• Democratic socialism operates within a democratic framework
• What does market socialism combine to achieve its goals?

  State ownership and markets
• What type of ownership is central to socialism?

  Common ownership
• Central planning in socialism allows market forces to determine economic outcomes.

  False
• In a centrally planned economy, the economy is controlled by the government
• Match the key feature of socialism with its description:

  Common Ownership ↔️ Community owns the means of production

  Equality ↔️ Greater economic and social equality

  Central Planning ↔️ Economy is planned by the government

  Workers' Control ↔️ Workers manage their workplaces
• Socialism aims to achieve greater economic and social equality among the population.

  True
• Match the type of socialism with its key characteristic:

  Marxism-Leninism ↔️ Single-party state to establish communism

  Democratic Socialism ↔️ Operates within a democratic framework

  Fabian Socialism ↔️ Gradual reforms and welfare state

  Market Socialism ↔️ Combines state ownership with market forces
• Karl Marx proposed the idea of historical materialism
• Vladimir Lenin developed Marxism-Leninism, a revolutionary form of socialism.


  True
• The Russian Revolution in 1917 led by Vladimir Lenin established the world's first socialist state
• Socialism is a system where the means of production are owned and controlled by the community
• What is socialism's primary goal regarding ownership of production means?

  Common ownership
• Socialism eliminates private property.


  True
• Under socialism, economic activities are determined by central planning
• Socialism aims to create an equitable society through centralized planning.

  True
• In socialism, the economy is centrally planned by the government
• What type of socialism advocates for a single-party state and central planning?

  Marxism-Leninism
• Match the socialist thinkers with their key ideas:

  Karl Marx ↔️ Historical materialism

  Friedrich Engels ↔️ Scientific socialism

  Emma Goldman ↔️ Anarchist communism
• Which socialist thinker criticized the authoritarian tendencies of Marxism-Leninism?

  Rosa Luxemburg
• The Russian Revolution in 1917 established the world's first socialist state.

  True
• The Solidarity Movement in Poland challenged the communist government.
• What is a common criticism of central planning in socialism?

  Lack of economic efficiency
• Socialism aims to achieve greater economic and social equality
• Under socialism, workers have a direct say in workplace operations.

  True
• Common ownership in socialism means the community controls the means of production and eliminates private property