Question

match the answers
capitalists an international organization that helps to regulate international trade.
command socialism individuals and domestic or foreign businesses purchase government controlled business.
contract law the body of law that determines the rights individuals and businesses have in making
privatization the name given by karl marx for the owners of the factors of production.
proletariat a system of government where all property is owned by the state.
socialism the government determines production.
world trade organization (wto) the name given by karl marx for workers in a capitalistic society.
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Explanation:

• Capitalists: Karl Marx referred to the owners of factors of production as capitalists.
• Command socialism: In this system, the government determines production.
• Contract Law: It is the body of law governing rights in making contracts (business/individual).
• Privatization: Involves individuals/businesses purchasing government - controlled businesses.
• Proletariat: Karl Marx's term for workers in a capitalist society.
• Socialism: A system where all property is owned by the state.
• World Trade Organization (WTO): An international organization regulating international trade.

Answer:

• Capitalists - The name given by Karl Marx for the owners of the factors of production.
• Command socialism - The government determines production.
• Contract Law - The body of law that determines the rights individuals and businesses have in making (contracts).
• Privatization - Individuals and domestic or foreign businesses purchase government controlled business.
• Proletariat - The name given by Karl Marx for workers in a capitalistic society.
• Socialism - A system of government where all property is owned by the state.
• World Trade Organization (WTO) - An international organization that helps to regulate international trade.