December 5, 2012

Capitalism

An economic and political system in which a country's trade and industry are controlled by private or corporate owners for profit. Figuring how much to charge for stuff to stay in business on your own.

Communism- supposed to get rid of having super rich people and super poor people. a theory or system of social organization based on the holding of all property in common, actual ownership being ascribed to the community as a whole or to the state. A revolutionary socialist movement to create a class list and state list social order structured upon
Free enterprise-an economic and political doctrine holding that a capitalist economy can regulate itself in a freely competitive market through the relationship of supply and demand with a minimum of governmental intervention and regulation, the practice of free enterprise in an economy, or the right to practice it. freedom of private business, operating for profit, without interference from government, beyond regulation
Free market- an economic system in which prices and wages are determined by unrestricted competition between businesses, without government regulation or fear of monopolies.