Political Systems
communism
What is communism?
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.
Laws and regulations of communism.
Communism in the strict sense demands that both production-goods, such as land, railways, and factories, and consumption-goods, such as dwellings, furniture, food, and clothing, should be the property of the whole community
Communism vs. U.S
In china, the communist government regulates what you learn in schools, watch on tv and how many kids you can have. In the united states there is a free business.
Socialist 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.
Capitalism economy
Capitalism is an economic system in which trade, industry, and the means of production are largely or entirely privately owned and operated for profit. Central characteristics of capitalism include private property, capital accumulation, wage labour and, in some situations, fully competitive markets.
Mixed Market economy
economic system that features characteristics of both capitalism and socialism. A mixed economicsystem allows a level of private economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.