Economic Systems

Economic Systems In the world today there are primarily three types of economies and they are capitalism, socialism, and communism. The United States is an example of a capitalistic country, where Cuba is an example of a country adhering to Communism. These three economic types have scattered similarities as well as striking differences. Capitalism is a system of economics governed b the will of the people and the doctrine of free enterprise. Socialism is a …

…Washington, as well as skyscrapers this represents the US as a capitalistic country and industrialization is often linked to capitalism. The picture of people holding hands portrays that socialism aspires to achieve equality. Everyone watching everyone else’s back in a socialistic world is symbolized with the large desk and then the smaller and so on. The construction worker on the communism slide is signifying the proletarians of which the communists are most closely concerned.