WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
AMERICAN INDUSTRY DEVELOPMENT IN THE GILDED AGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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communism
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socialism
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capitalism
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democracy
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Detailed explanation-1: -Under communism, there is no such thing as private property. All property is communally owned, and each person receives a portion based on what they need.
Detailed explanation-2: -Communist philosophy argues against private property and supports collective ownership. This philosophy applies specifically to intellectual property and software. The common view is that no person should on their own or control any property, whether electronic, merely an idea, or otherwise.
Detailed explanation-3: -Socialism is an economic and political system based on public or collective ownership of the means of production that emphasizes economic equality.
Detailed explanation-4: -Capitalism is often thought of as an economic system in which private actors own and control property in accord with their interests, and demand and supply freely set prices in markets in a way that can serve the best interests of society.