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Differences Of Socialism, Communism, And Capitalism

381 Words2 Pages
Each of these three governments’ socialism, communism, and capitalism have their differences and their similarities. A capitalist market is the most free of the three. In capitalism there are four rights everyone has those are the right to own private property, the right to own a business and keep all the profits you get from that business, the right to freedom of competition, and the right to freedom of choice. In a capitalist market the prices are determined by the buyer not the seller. Business use supply and demand to figure out what the price they will sell product for. If there is a low supply and high demand the price will go up but if the supply is high and the demand is low then the price is low. They use this to find the equilibrium
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