Respuesta :
Capitalism
is a setup of economy in which the country trade is controlled by private organisations who operate solely for profit.
Pros of Capitalism are,
Self regulation, encourages innovation, provides freedom.
Cons of Capitalism are,
Monopoly power, social benefits are ignored, diminishing marginal utility of wealth.
State Capitalism
is a setup of economy in which the state controls trade and business affairs.
Pros of State Capitalism are,
Free market system, social benefits are considered, democracy system
Cons of State Capitalism are,
Hoarding of goods, Inflation Surge, No or limited innovation.
Socialism
is a setup of economy in which economic and business activities are governed by rules and regulations.
Pros of Socialism are,
Better opportunities for new entrants, improved market conditions, minimum wage laws.
Cons of Socialism are,
Slow economic growth, political influence in businesses, less competition.
Communism
is a setup of economy in which all properties are owned by community.
Pros of Communism are,
Less monopoly, investments in infrastructure, improved society safety.
Cons of Communism are,
Manipulation of wealth, defaults may happen, economic crisis.
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