Wednesday, December 5, 2012

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 socialpolitical 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: free market is a market where the price of a good or service is determined by supply and demand, rather than by governmental regulation

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