Socialism
Utopian Socialism
Democratic Socialism
Utilitarianism
Marxism
Communism (Scientific Socialism or Authoritarian Socialism)
Command economy - Owners of production (ususally the government) force production based on available resources and need.
Capitalism
Laissez - Faire Capitalism
Modified Market Capitalism
Market economy - Governed by supply and demand. Altered by governemental regulation.
Keys are ownership, competition.
Availibility of Supplies can be increased either through production or through conservation.
Malthus predicted failure of the market economy because of population growth. He did not take into account new products, new methods of production, and world wars.
United States has a modified market capitalist economy but may be borderline democratic socialist.