11th
Criteria
Communism
Socialism
Capitalism
Fascism
Type of government
Dictatorship by force, if necessary
Democracy
Acquisition and retention of power
One-party system, opposition parties banned
Free election, multi-party system, opposition parties allowed
Electoral process
One-party system
Multi-party system
Type of economy
Command
Market
Government involvement in the economy
Full control
Full to high control
Little control
Little control (as long as all state requirements are met)
Ownership of productive resources
State ownership
State ownership (with private ownership under free-enterprise socialism)
Private ownership
Freedom of enterprise
Restricted
Restricted; less open access
Open access
Open access (as long as state needs are met)
Self-interest
Emphasis on collective needs rather than self-interest
Profit motive promotes self-interest
Competition
Not allowed, considered wasteful
Discouraged, considered wasteful
Encouraged to improve price and quality
Encouraged as long as state needs are met
Production decisions
Made by central planning authority
Made by central planning authority; influenced by market forces
Driven by market forces of supply and demand
Examples
China, Cuba, North Korea
Norway*, Sweden*, Finland*
Hong Kong, Singapore, United States
Italy (1922-1945), Spain (1939-1975), Argentina (1946-1983)