List THREE new things you learned about Capitalism, Socialism, and Communism.

 communism: -promote equality and seek to eliminate social classes.

-working class owns everything, and everyone works toward the same communal goal

-community distributes what it produces based only on need

-Communism frequently results in low production, mass poverty and limited advancement.

socialism: -promote equality and seek to eliminate social classes.

-workers earn wages they can spend as they choose, while the government, not citizens, owns and operates the means for production.

-Workers receive what they need to produce and survive, but there’s no incentive to achieve more, leaving little motivation

- The United Kingdom provides basic needs like healthcare to everyone regardless of their time or effort at work.

capitalism: -where limitations don’t exist and reward comes to those who go beyond the minimum.

-owners are allowed to keep the excess production they earn. And competition occurs naturally, which fosters advancement.

-create a sharp divide between the wealthiest citizens and the poorest, however, with the wealthiest owning the majority of the nation's resources.

literally just learned ab this