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trade routes,
distribution
socialism
consumption of goods
government owning everything basically owned by government

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Socialism- a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.

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communism- a government where people shared work fairly and were paid equally

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Traditional Economic System
Command Economic System
Market Economic System
Mixed Economic System
The four types of Economic System

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The systems are
Communism
Capitalism
Socialism
Feudalism

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Economic Systems Include:
Capitalism - An economic system based on private ownership/property. Production or distribution are privately and corporately owned, rather than being controlled by the state.
Communism - Economic/political theory in which all property is publicly owned, with each person working and being paid according to their abilities and/or needs.
Socialism - Production, distribution and exchange are or should be owned/regulated by society as a whole.
Feudalism -

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Economic systems:
-Capitalism: Capitalism is an economic system based on the private ownership of the means of production and their operation for profit
-Feudalism: Feudalism was a combination of legal and military customs in medieval Europe that flourished between the 9th and 15th centuries.
-Socialism: Social ownership can be public, collective or cooperative ownership, or citizen ownership of equity.

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Communism - a political theory derived from advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs

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Karl Marx
Russia
Capitalism- an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.

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Communism is the type of economy that the Russians used to have.

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economic is a type of trading

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Economic is a type of trading system, were countries trade with other countries for resources.

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Economic Systems:
Capitalism- trade and industry are controlled by owners privately
Communism is like the leader is the owner of everything in that country