Explanation:
A mixed economy combines elements of both capitalism and socialism, with private ownership of property alongside government intervention and social welfare programs.
Explanation:
Communism advocates for the elimination of private property, a classless society, and common ownership of the means of production.
Explanation:
Capitalism prioritizes the profit motive, competition, and private ownership of property, with minimal government intervention in the economy.
Explanation:
Capitalism advocates for free market principles, private ownership of property, and limited government involvement in the economy.
Explanation:
Conservatism emphasizes the preservation of traditional values, limited government intervention in the economy, and a strong national defense.
Explanation:
Liberalism emphasizes social equality, government intervention to address social and economic inequalities, and protection of civil liberties.
Explanation:
Libertarianism emphasizes personal freedom, individual rights, and limited government intervention in both social and economic matters.
Explanation:
Socialism advocates for the abolition of private property, common ownership of the means of production, and centralized control of the economy.
Explanation:
Fascism advocates for a totalitarian government, state-controlled economy, and authoritarian leadership with strong nationalist and authoritarian characteristics.
Explanation:
Socialism advocates for the collective ownership and control of the means of production, distribution, and exchange of wealth.
Explanation:
Anarchism advocates for radical social and political change, abolition of hierarchy and authority, and decentralized decision-making through voluntary associations.