Economics

World Economies

Communism

a way of organizing a society in which the government owns the things that are used to make and transport products (such as land, oil, factories, ships, etc.) and there is no privately owned property

Capitalism

an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
Big image

Socialism

Socialism is an economic concept that advocates public ownership of all resources.
Big image

Fascism

a way of organizing a society in which a government ruled by a dictator controls the lives of the people and in which people are not allowed to disagree with the government

Big image