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 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

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