COMMUNISM-a theory or system of social organization based on the holding of all property in common, actual ownership being ascribed to the community as a whole or to the state.
FREE ENTERPRISE- an economic and political doctrine holding that a capitalist economy can regulate itself in a freely competitive market through the relationship of supply and demand with a minimum of governmental intervention and regulation.
FREE MARKET-an economic system in which prices and wages are determined by unrestricted competition between businesses, without government regulation or fear of monopolies.
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