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Question | Answer |
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Capitalism | In common usage, the word capitalism means an economic system in which all or most of the means of production are privately owned and operated |
Socialism | Most generally, socialism refers to state ownership of common property, or state ownership of the means of production. |
Communism | Most generally, communism refers to community ownership of property, with the end goal being complete social equality via economic equality. |
Fascism | The word descends from the Latin ‘fasces’, the bundle of sticks used by the Romans to symbolize their empire. |