Economy

1. Free Market Economy (Generally Democracy)

1.1. What is yours, is what you own.

1.2. Do whatever you want on private property

1.3. High chance for profit due to no limit of how many, or what is being sold

1.4. High competition due to millions of private businesses

1.5. Lots of freedom

1.6. Many rights

1.7. May do whatever you like with your money

1.8. Can get far ahead of others due to no control on your profits from government

2. Centrally Planned Economy (Autocracy)

2.1. Controlled solely by Government

2.2. Government owns all production facilities

2.3. Government controls Import and export

2.4. Government controls buying and selling

2.5. Little business competition; Government owns everything

2.6. Generally corrupt law enforcement

3. Mixed Economy (Generally Democracy or Autocracy

3.1. You have a voice

3.2. Government sometimes owns part of what you own

3.3. Government has say in what can be sold, but you still have a lot of choice for yourself

3.4. High competition with businesses as there are many privately owned business competitors