<span>Well, communism: government has complete control over economy and business, Socialism: government provides some things like healthcare. the answer is never collectivism I'm telling you right now. Capitalism is where private ownership is allowed and competitive markets are allowed. Capitalism has the least involvement in the economy. =) hope this helped</span>
A pure market economy is an economic system which operates with no public interventionism. The interactions of the different economic agents in the markets determine all outcomes: prices of goods and services, total output, quantities of factors of production employed for production (land, labor and capital) and their retributions, etc. If the market outcomes lead to inequality there are no state-managed redistribution systems.
