Economic Systems
By Levi Clancy for Student Reader on
updated
- Social Analysis
- Adam Smith
- Bureaucracy
- Democracy
- Dramatalurgical approach
- Economic Systems
- Five functional requisites of society
- Group
- Marxian Socialism
- Mercantilism
- Money
- Money
- Order and Freedom
- Political complexity
- Political economics
- Self
- Sexism
- Social Contract
- Social bathing
- Socialisation
- Status
- Supply-side vs Demand-side economics
- Surplus value
There are three types of economic systems, organized by who owns the means of production:
| System | Description |
|---|---|
Capitalism | Places ownership in private individuals. |
Socialism | Places ownership in the government. |
Communism | Places ownership in the workers. |