AQA GCSE History · 8145
Paper 1
- Revise: End of the Second World War
An economic system in which businesses and property are mainly privately owned, with production and prices largely influenced by markets and competition.
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GCSE History · key term
An economic system in which businesses and property are mainly privately owned and production is organised largely for profit.
Used by AQA, Edexcel and OCR
Paper 1
An economic system in which businesses and property are mainly privately owned, with production and prices largely influenced by markets and competition.
Paper 2, Paper 3
An economic system in which individuals and businesses can privately own land and businesses.
Revise: Early TensionAfter the war, the USA and Soviet Union emerged as rival superpowers. Their ideological divide—capitalism in the West and communism in the Soviet Union—made each suspicious of the other’s influence. Their rivalry became the Cold War: they competed for power and influence without directly fighting a war against one another.
An economic system in which businesses and productive property can be privately owned and operated for profit.
Paper 1
An economic system in which businesses and property are mainly privately owned and production is organised largely through markets.
An economic system in which businesses are mainly privately owned and operate for profit.
Distinguish capitalism as an economic system from democracy as a political system.
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