1.

capitalism is an economic system based on private ownership of the means of p

roduction. Under capitalism, individuals, companies or corporations invest in, o
wn, and share in profits (or losses) of the entities that produce goods, distrib
ute products or provide services.
2.communism- a theory or system of social organization in which all property is
owned by the community and each person contributes and receives according to the
ir ability and needs.
Economic and social system in which all (or nearly all) property and resources a
re collectively owned by a classless society and not by individual citizens. Bas
ed on the 1848 publication 'Communist Manifesto' by two German political philoso
phers, Karl Marx
3. egalitarian:- believing in or based on the principle that all people are equ
al and deserve equal rights and opportunities
4.bureaucracies
1
a : a body of nonelective government officials
b : an administrative policy-making group
2
: government characterized by specialization of functions, adherence to fixed r
ules, and a hierarchy of authority
3
: a system of administration marked by officialism, red tape, and proliferation
(rapid increase in the number or amount of something)