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10th Grade II US History Government & Economics (Development of US…
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Economic Systems
Communism Is a system that eliminates the need of money and ownership to establish order, and removes the incentive to work hard. This system protects workers rights and can be easily corrupted. We can see no that North Korea is a communist nation and in the 1950s the USSR was a communist country.
Capitalism is an economic system based on private ownership of the means of production and their operation for profit. Characteristics central to capitalism include private property, capital accumulation, wage labor, voluntary exchange, a price system, and competitive markets.
Capitalism. (2018, September 30). Retrieved from https://en.wikipedia.org/wiki/Capitalism 
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Monarchy: a monarchy is a political system in which the head of the state is either a king or queen. The power is passed down through blood, as the monarch's offspring becomes the successor. For example, Great Britain or the United Kingdom has been a constitutional monarchy for around 350 years. The U.K. Monarchy is Big Business. (2018, April 06).
Retrieved October 02, 2018, from https://www.licenseglobal.com/branded-products/uk-monarchy-big-business
Dictatorship
A Dictatorship is a political regime in which a single person governs with total power, without any kind of limitations and with the power to enact and modify laws at will.
Types of Dictatorships:
Bibliography
Ezrow, Natasha M; Frantz, Erica (2011). Dictators and dictatorships: understanding authoritarian regimes and their leaders. New York, NY:: Continuum. Retrieved from https://en.wikipedia.org/wiki/Dictatorship#cite_note-:02-10Britannica, T. E. (2014, November 04). Dictatorship. Retrieved from https://www.britannica.com/topic/dictatorship
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