Capitalism- an economic system in which invesment in and ownership of the means of production distribution and exchange of welth is made and maintained chiefly by private individuals or corporations especiall as contrasted to cooperativley or state.
Communism- a theory or system of social organizational based on the holding of all property in common actual ownership being ascribed to the community as a whole or to the state(classless)
Free enterprise- an economic and political doctrine holding that a capitalist econmy can regulate itself in a freely competitive market through the regationship of supply and demand with a minimum og govermental intervention and regulation
Free market- an economic system in which prices and wages are determined by unreztriced competition between businesses without goverment regulation or fear of monopolies.
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