Capitalism: is an economic system that is based on private ownership of the means of production and the production of goods or services for profit. economic and political
Communism: is a revolutionary socialist movement to create a classless and stateless social order structuredupon common ownership of the means of production, as well as a social, political and economic ideology that aims at the establishment of this social order.
Free enterprise: an econmic system free of state they decied what the price is.
Free market: A free market is a market where the price of a good or service is determined by supply and demand, rather than by governmental regulation
No comments:
Post a Comment