SUMMARIZE the main characteristics of each economic system: a. capitalism; b. socialism; c. communism *

Short answer

Capitalism: an economic system based on the private ownership of the means of production and their operation for profit. private property, wage labor, a price system and competitive markets.

Explanation:

Socialism : populist economic and political system based on public ownership of the means of production. all legal production and distribution decisions are made by the government, and individuals rely on the state for everything from food to healthcare.shared ownership of resources and central planning provide a more equal distribution of goods and services and a more equitable society.

Communism: an economic system where the group owns the factors of production. advocating for a classless system in which the means of production are owned communally and private property is nonexistent or severely curtailed.

there has only been 12 presidents. the 12th president is/was moon jae-in

        i'm fairly sure that the correct answers are 2 and 3.

        i used both my knowledge of world history and the process of elimination to obtain these answers. option 1 cannot be a possible selection because the mandate of heaven belongs to ancient chinese philosophical belief. option 4 sounds like it would benefit the region than detriment it. however, both 2 and 3 explain a potential reason for what could have contributed to the fall of the roman empire.

      hope this ! if i were you, i'd get a second opinion, because i haven't taken this course for a year. best of luck!

***websites that me understand the curriculum better last year are and ***