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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.