All three are ways of approaching the economic system and how much the government should be involved in that system.
Capitalism involves private ownership of businesses with little to no government interference or regulation. Most countries do not run on laissez-faire capitalism in which there is no gov't regulation. However more run as a blend between capitalism and socialism.
In socialism, the government owns the means of production and sets pricing, wages, quotas, and production. Often managers are government appointed and the workers all receive an equal wage for their work. Cooperation is key to the success of socialism. This is also the step between an overthrow of capitalism to full communism.
In communism, the means of production are owned by the people and the gov't is no longer needed to regulate business and/or wages. It is a complete cooperative state where the workers work for the good of all.
As we know....the Roman Empire was very, very successful.....but if we look closely; I believe it's quite easy to distinguish by which means the Roman Empire used to grow. Rome just loved to war aka conquest other countries...it would use its resources and force them to pay tributaries (payment to the person whom conquered them). They had an incredibly good army..their military techniques were incredibly smart..and they also had war machines; which greatly contributed to their power on the battlefield. As far as I know, Rome rarely made alliances and agreements...Christianity was after the fall of Rome.
This being said to expand and grow, it's quite obvious that the Roman Empire went on conquests and war to expand and thrive. Alas, all Empires fall...as did the might Roman Empire.
Thus, your answer.
In U.S, the fedral Reserves Board of Governors control <u>Monetary policy.</u>
Diversity means respect for all cultures,opinions,and religious beliefs but a mix of all
