​Today we will discuss different economical ideologies.

​Economics - is the concern with the production, consumption and the distribution of wealth

​Many countries around the world have different views how how resources and wealth should be consumed and distributed.

​Market Economy
A market economy is an economic system in which economic decisions and the pricing of goods and services are guided by the interactions of a country's individual citizens and businesses through supply and demand.

​Mixed Economy

A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.

​Planned economy

A planned economy can be defined as a type of economic system where financial decisions are made according to government plans. All decisions related to investments, production and other economic parameters are structured as per the decisions of a central authority.

Lets Talk About The Different Economic Ideologies

​Capitalism is often thought of as an economic system in which private actors own and control property in accord with their interests, and demand and supply freely set prices in markets

​Capitalism

​Anarchism is a political philosophy and movement that is skeptical of all authority and seeks to abolish capitalism.

​Anarachy

​Socialism is a political ideology that aims to give workers shared ownership of the tools, land, and buildings that they use to make products or provide services (called the means of production).

​Socialism

​Communism is a type of government as well as an economic system (a way of creating and sharing wealth). In a Communist system, individual people do not own land, factories, or machinery. Instead, the government or the whole community owns these things. Everyone is supposed to share the wealth that they create.

​Communism