Economic SystemsComments
parentSocial Analysis
siblingsAdam SmithBureaucracyDemocracyDramatalurgical approachFive functional requisites of societyGroupMarxian SocialismMercantilismMoneyMoneyOrder and FreedomPolitical complexityPolitical economicsSelfSexismSocial bathingSocial ContractSocialisationStatusSupply-side vs Demand-side economicsSurplus value

Economic Systems

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.