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25. What are Communism, Socialism, & Capitalism? Economic Ideologies 101

Wiser World

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Exploring Economic Ideologies: Communism, Socialism, and Capitalism

This chapter examines the fundamental economic systems of communism, socialism, and capitalism, emphasizing their theoretical foundations and real-world applications. It critiques central planning in communism by discussing historical examples and highlights the spectrum of mixed economies seen in countries like the U.S. and China.

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