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Economic Systems

Word List with 13 words
*By Dictionary.com

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Words in This List

communism
controlled totalitarian state; single, self-perpetuating political party
socialism
post-capitalist Marxist transitional stage of a society to communism
capitalism
economic system maintained by private individuals or corporations
market economy
capitalistic economic system; free competition; supply and demand
mixed economy
economy with elements of both public and private enterprise
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planned economy
government controlled economy i.e., Socialism, Communism
participatory economics
production and distribution of goods guided by public participation
gift economy
exchange without explicit agreement for immediate or future reward
barter economy
goods/services exchanged directly for other goods/services
cooperative
jointly owned enterprise operated by its members for mutual benefit
common ownership
non-ownership; assets are held indivisibly or by public institution
public ownership
interests vested in state, rather than an individual or communities
private ownership
private property; the ownership, control of land and capital

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Essential Latin Roots: Para-
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11 words

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Parts of Speech in English
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14 words

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