Capitalist system

Individuals and businesses experience most of the natural and capital resources. These are the factories, farms, machinery, land, minerals, and another(prenominal) resources used to arrive at goods. Individuals and businesses also buy and sell goods freely. Goods are distri exactlyed through the market of buyers and sellers. capitalism is the economic system in the United States. Socialism is another grammatical case of economic system. In a left system, the people, through their government, own numerous of the resources and manage the economy.Representatives of the people decide what to produce and how much. The government then plans how to look at out these decisions. The government also distributes most goods and services, especially with regard to housing, food, medicine, and other basic necessities. Many nations today engage in limited socialist programs, such as socialized medical or education systems. However, single a few nations can be said to operate but under soc ialist principals. Command economyIn a expect economy, the government owns nearly everything that is used to produce goods. Government planners, rather than the people, fix the decisions about what to produce and how to distribute it. North Korea is an example of a uncouth with a command economy. Mixed economy individuals, businesses, and the government own or so parts of the economy. All of these groups play a role in do economic decisions about what to produce and how to distribute it. Russia was once part of the originator Soviet Union, which had a command economy.Russia now has a mixed economy. fabianism Government ownership of productive resources, and a one-company state to give decisions. The level of public ownership is usually higher than in socialism. It is even out less efficient and even more equalitarian (although under communism, most folks appear to be more equal than others. Dictators and high party officials usually appear to live better than do common cit izens). Fascism Fascism claims to be capitalist, but as the state is not democratic, theres itty-bitty popular control over anything.The state (usually, some dictator or group of dictators) tends to reward its friends and punish its enemies, which leads both to oppression and an inefficient economy. (The sozzled that kicks back the most money to the government is the firm that survives and makes a profit, but it isnt very often the firm that produces the best products at the terminal price. ) Both inefficient and unequal, this seems to represent the worst of all possible worlds.