Economic, social and political forms of societal organization
  • Capitalism - Economic system where the means of production are privately owned
  • Communism - Socio-economic system in which private property rights are eliminated
  • Fascism - Politico-economic system where the means of production are nominally in private hands but controlled by a combination of state and business interests
  • Socialism - Socio-economic system in which the means of production and distribution are under collective or government control


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. ..."