Political Systems
Socialist
What is a 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
Laws and regulations of a socialist economy
Socialist law or Soviet law denotes a general type of legal system which has been used in communist and formerly communist states. It is based on the civil law system, with major modifications and additions from Marxist-Leninist ideology. There is controversy as to whether socialist law ever constituted a separate legal system or not.[1] If so, prior to the end of the Cold War,
Capitalism economy
Capitalism is aneconomic system in which trade, industry, and the means of production are largely or entirely privately owned and operated for profit. Central characteristics ofcapitalism 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 economicfreedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.
Communism economy
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