History Assignment 10/3/18
Capitalism, socialism, communisim
I own this business, not the government
The government owns this factory, but I still get my own income
The government tells everyone what they can and cant do, much like a dictatorship.
Economic System ~ People run and own businesses. No pure form of capitalism, most popular economic system.
Mixed Economy ~ Government takes part in controlling parts of the economy. Shares capitalist and communist views
Command Economy ~ Complete classless society. Everything is collectively owned.
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