Ideological differences

• What is the economic system in the USA?

  Capitalist
• What do private businesses in a capitalist economy aim to do?

  Make profits
• What type of economy is characterized by free enterprise?

  Free economy
• What role do political parties play in elections within a capitalist system?

  They represent the people's choices
• How do wealth differences manifest in a capitalist society?

  Through significant disparities in wealth
• What is a characteristic of a communist economy?

  All businesses are government-owned
• In a capitalist economy, where do profits from businesses go?

  To the owners of the businesses
• What is a key feature of a government-controlled economy?

  One-party system
• How does a lower average standard of living affect wealth distribution?

  It leads to more equal sharing of wealth
• What is the relationship between equality and wealth in a capitalist economy?

  Wealth is often unequally distributed
• What are the main characteristics of a capitalist economy?

  • Private ownership of businesses
  • Profit motive drives economic activity
  • Free market competition
  • Limited government intervention
• What are the implications of wealth disparities in a capitalist society?

  • Increased social stratification
  • Potential for economic instability
  • Influence on political power dynamics