Capitalism: An economic and political system in which prices are determined by unrestricted competition between privately owned businesses to make profit. Private owned corporations, can be a big business or a small one. America uses Capitalism.
Communism: An economic system in which prices are determined by unrestricted competition between privately owned businesses. It's to create a classless country, no upper, no lower, and no middle class. The government owns all of the businesses & everything.
Free Enterprise: An economic system in which prices are determined by unrestricted competition between privately owned businesses. Free of state control. The people who own the shop decided how much things there cost.
Free Market: Economic system in which prices are determined by unrestricted competition between privately owned businesses.
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