Saturday, January 20, 2018

Which political-economic system is best for a country?

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.

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.

anarchism - belief in the abolition of all government and the organization of society on a voluntary, cooperative basis without recourse to force or compulsion.

facism - a form of radical authoritarian nationalism, characterized by dictatorial power, forcible suppression of opposition and control of industry and commerce that came to prominence in early 20th-century Europe.

communism - a theory or system of social organization in which all property is owned by the community and each person contributes and receives according to their ability and needs.

democracy - a system of government by the whole population or all the eligible members of a state, typically through elected representatives.

Oligarchy - is a form of power structure in which power rests with a small number of people.

Dictatorship - a form of government in which a country or a group of countries is ruled by one person or by a polity and power is exercised through various mechanisms to ensure that the entity's power remains strong.

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