1. CAPITALISM -
An economic and political system in which a country's trade and industry are controlled by private owners for profit. America has a capitalistic system.
2. SOCIALISM -
An economic and political structure that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
3. COMMUNISM -
A political theory derived from Karl Marx, advocating class war and leading to a society where all property is publicly owned, and each person works and is paid by the State according to their abilities and needs.
4. MARXISM -
The political and economic theories of Karl Marx and Friedrich Engels, which their followers later developed to form the basis for the theory and practice of communism.
5. FASCISM -
A government ruled by a dictator who controls the lives of the people and in which people are not allowed to disagree with the government.
6. DEMOCRACY –
A pure democracy allows all citizens to vote, and the majority rules, typically through elected representatives.
7. REPUBLIC –
Similar to a democracy, but the elected representatives have more power to vote the way they want vs. always going with the majority of their constituents. America is a democratic republic.