Laws and regulations of a Capitalist economy
A socialist economic system is based on some form of social ownership of the means of production, which may mean autonomous cooperatives or direct public ownership; wherein production is carried out directly for use
Communism is a political theory derived from Karl Marx, advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs.
Mixed Market economy
economic system that features characteristics of both capitalism and socialism. A mixed economicsystem allows a level of private economicfreedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.