capitalism: An economic and political system in which a country's trade and industry are controlled by private owners for profit. The word capitalism is now quite commonly used to describe the social system in which we now live. In capitalism, you own your own business or you work for someone who owns their own business. Maintained by private individuals or corporations.
communism: 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. classless. suppose to be fair. suppose to let people have enough money but not an enormous amount.
free enterprise: An economic system in which private business operates in competition and largely free of state control. Free enterprise is also an economic system where few restrictions are placed on business activities and ownership
free market: An economic system in which prices are determined by unrestricted competition between privately owned businesses. Free market is also know as market economy based on supply and demand with little or no government control.
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