Examlex
When applying the standard order of operations to a series of operations, which of the following operations would you perform first?
Capitalism
An economic system in which factors of trade and production are controlled by private owners rather than by the state.
Socialism
A collective form of government in which the means of production and the distribution of production are owned collectively by the community as a whole.
Communism
A political system characterized by collective ownership of the factors of production and allocation of goods and services to workers according to their needs, argue for revolutionary means to establish a communal society.
Mercantilism
An economic theory that emphasizes the importance of stockpiling precious metals and exporting more than importing to boost a nation's wealth and power.
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