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You are being placed on a large piece of glass with a checkerboard-patterned platform underneath it. Your mother walks to the other side of this platform and calls for you to crawl to her. Many years later, you will discover that this was all part of an experiment to test your
Communism
A political and economic ideology advocating for a classless society in which the means of production are owned collectively.
Market Economy
An economic system where economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's citizens and businesses with minimal government intervention.
Command System
A method of organizing an economy in which property resources are publicly owned and government uses central economic planning to direct and coordinate economic activities; socialism; communism. Compare with market system.
Laissez-faire Capitalism
An economic system where government intervention in business and markets is minimal, and the forces of supply and demand are allowed to regulate the economy.
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