market economy, Wealth of Nations, capitalism, free market, Laizze-faire
people choose, Adam Smith, free market, market economy
economic system that relies on habit, custom, or ritual to decide economic questions. Old fashioned. Amish. African villages.
communism, government controls economy, Karl Marx, Frederich Engels
collective farm, commune
government owned farms where peasants are forced to work.
Farm crop raised to be sold for money
a general and progressive increase in prices
to send goods to another country for sale
countries share information, resources, goods and service
Communist Manifesto, class struggles, Proletariat, bourgeoisie