Economic Systems

Economic, social and political forms of societal organization

Other Property Topics: B C D E F G H I L M N P S T U W

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Capitalism - Economic system where the means of production are privately owned
Communism - Socio-economic system in which private property rights are eliminated
Socialism - Socio-economic system in which the means of production and distribution are under collective or government control

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Reference

Economic system - Wikipedia, the free encyclopedia
"An economic system is a mechanism which deals with the production, distribution and consumption of goods and services in a particular society. The economic system is composed of people, institutions and their relationships. It addresses the problems of economics, like the allocation and scarcity of resources. ..."