Sign up for FlowVella
Sign up with FacebookAlready have an account? Sign in now
By registering you are agreeing to our
Terms of Service
Loading Flow
The three main economic systems
Capitalism
Is an economic and political system where the countries trading and production is controlled by private owners and they make profit out of it.
Is an economic system in which all production, distribution,and trading should be controlled by the entire community rather than by the government or a private owner.
Is an economic system in which the government controls all production and property.
Communism
Socialism