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Capitalism- An economic and political system in
which a country's trade and industry are controlled by private owner’s profit.
·
Communism- A political derived from Karl
Marx, advocating class war and leading to a society in which all property is policy
owned and each person works and I spaid according to their abilities and needs
·
Free enterprise- An economic system in which private business operates
in competition and largely free of state control.
·
Free market- An economic system in which prices are determined by
unrestricted competition between privately owned businesses.
