Capitalism- an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, especially as contrasted to cooperatively or state-owned means of wealth.
Communism- a theory or system of social organization based on the holding of all property in common, actual ownership being ascribed to the community as a whole or to the state.
Free Market- an economic system in which prices and wages are determined by unrestricted competition between businesses, without government regulation or fear of monopolies.
Free Enterprise- an economic and political doctrine holding that a capitalist economy can regulate itself in a freely competitive market through the relationship of supply and demand with a minimum of governmental intervention and regulation.
Communism- a theory or system of social organization based on the holding of all property in common, actual ownership being ascribed to the community as a whole or to the state.
Free Market- an economic system in which prices and wages are determined by unrestricted competition between businesses, without government regulation or fear of monopolies.
Free Enterprise- an economic and political doctrine holding that a capitalist economy can regulate itself in a freely competitive market through the relationship of supply and demand with a minimum of governmental intervention and regulation.
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