Definitions For Class

Capitalism is "based on the individual rights and it is politically the system of laissez-faire which means freedom. Capitalism is a social system. It is an economic system in which investment in and ownership of the means of production distribution and exchange of wealth is made and maintained chiefly by private individuals or cooperations."

Communism is "the idea that everyone in a given society receives equal share of benefits which came from labor. A political system that aims to develop a classless and stateless social order structured upon ownership of the means of production as well as a social, political and economic ideology that aims at the establishment of this social order."

Free Enterprise  is "an economic system where few restrictions are placed on business activities and ownership. In this system, governments generally have minimal ownership of enterprises in the market place. This system aims for limited restrictions on trade and minimal government intervention."

Free Market a "market economy based on supply and demand with little or no government control. A completely free market is an idealized form of a market economy where buyers and sellers are allowed to transact freely (i.e. buy/sell/trade) based on a mutual agreement on price without state intervention in the form of taxes, subsidies or regulation."