Economic Systems

MMM

Feudalism

Focused on hierarchy, wealth, power, and protection that is determined by ownership of land

Manorialism

Is tied with Feudalism, centered around agricultural estates or manors, which people are tied to where they perform labor in return of protection of the governemnt

Feudalism

Focused on hierarchy, wealth, power, and protection that is determined by ownership of land

Manorialism

Is tied with Feudalism, centered around agricultural estates or manors, which people are tied to where they perform labor in return of protection of the governemnt

Mercantilism

Policy that focused on increasing national wealth through strict government control over trade; Measured in how much gold and silver a nation had

Capitalism

Private Individuals or corporations own productions and operate for solely profit

Socialism

System that advocated public or collective ownership of productions to reduce economic inequality

Communism

All property and materials are shared in the community

Globalization

Increased interconnection and independence of cultures, societies, economies worldwide through culture, trade and investment

Nationalism

Movement that emphasizes loyalty and devotion to a nation

Fascism

Extreme Nationalism: Authoritarian government by a dictator