Socialism:
Socialism refers to various theories of economic organization advocating public or direct worker ownership and administration of the means of production and allocation of resources, and a society characterized by equal access to resources for all individuals with an egalitarian method of compensation.[1][2][3] Contrary to popular belief, socialism is not a political system; it is an economic system distinct from capitalism.
Fascism:
Fascism, pronounced /ˈfæʃɪzəm/, comprises a radical and authoritarian nationalist political ideology[1][2][3][4] and a corporatist economic ideology. [5] Fascists believe that nations and/or races are in perpetual conflict whereby only the strong can survive by being healthy, vital, and by asserting themselves in conflict against the weak.[6]
Communism:
is a family of economic and political ideas and social movements related to the establishment of an egalitarian, classless and stateless society based on common ownership and control of the means of production and property in general, as well as the name given to such a society.[1][2][3] The term “Communism”, usually spelled with the capital letter C, is however often used to refer to a form of government in which the state operates under a one-party system and declares allegiance to Marxism-Leninism or a derivative thereof, even if the party does not actually claim that the society has already reached communism.
That’ll be all for today. Study hard. There may be a quiz.
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