Question

Define the economic controls used by communist, socialist, and fascist governments in recent years.

Answer 1

In recent years the economic controls of nations have been varied due to the different ideologies that govern them. Communist governments destroy capitalist channels and focus on the economy of communism where everything belongs and is directed between the people and the rulers. Socialism establishes a social economy where social rights are guaranteed in favor of the people in the first place and that goes against capitalism as an economic form that enriches few sectors, this happens in socialism and the mixed economy. In fascism, there is a totalitarian and nationalist character that benefits some. In recent years the mixed economy has been favored, socialism has had successes and failures and fascism is one of the most rejected.