economic systems

grayscale photography of girl holding banner while walking on street near crowd of people

Understanding Communism: Definition, Principles, and Impacts

by OffTopic
August 31, 2024
Political Theory

What is the Simple Definition of Communism? Communism is a political and economic ideology that advocates for the collective ownership of the means of production,… Read More »Understanding Communism: Definition, Principles, and Impacts

Understanding Crony Capitalism: Examples, Types, and Impact

by OffTopic
August 31, 2024August 31, 2024
2 Comments
Economics

Crony capitalism refers to a system where business success is heavily dependent on close relationships between business leaders and government officials.