Capitalism- an economic system by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market.
Communism- a revolutionary socialist movement to create a classless and stateless social order structured upon common ownership a theory advocating elimination of private property. A system in which goods are owned in common and are available to all as needed.
Free Market- an economic system in which prices are determined by unrestricted competition.
Free enterprise- freedom of private business to organize and operate for profit in a competitive system without interference by government beyond regulation necessary to protect public interest and keep the national economy in balance.
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