Communism: a political and economic system that seeks to create a classless society in which the major means of production, such as mines and factories, are owned and controlled by the public.

Socialism: a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.

Capitalism: an economic system in which a society's means of production are held by private individuals or organizations, not the government, and where products, prices, and the distribution of goods are determined mainly by competition in a free market.

I don’t know about you, but I think we all know what the difference between these 3 economic ideologies are, and the last one is very promising. A free market, private ownership, and production not controlled by the public or government sounds good to me, as it encourages hard work and innovation to create better solutions that will change the world for the better, and rewards hard work for their products and services they sell to others.

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