UPDATE: Additional definition...
Capitalism - An economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market. The social system associated with capitalism is based on the principle of individual rights.
Fascism - A social and political ideology with the primary guiding principle that the state or nation is the highest priority, rather than personal or individual freedoms.
Socialism - a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.
Communism - A system of government in which the state plans and controls the economy and a single, often authoritarian party holds power, claiming to make progress toward a higher social order in which all goods are equally shared by the people.
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