Free market capitalism vs. Centrally-planned economy

Private ownership of property e.g. homes/possessions

• Free market capitalism

• Centrally planned economy

Private ownership of businesses; wages based on supply vs. demand and skill level.

• Free market capitalism

• Centrally planned economy

Government ownership of property and land

• Free market capitalism

• Centrally planned economy

The right to make a profit and accumulate any amount of wealth

• Free market capitalism

• Centrally planned economy

Profits taken by the government and used to provide public services

• Free market capitalism

• Centrally planned economy

Prices controlled by the government, which also controls the supply of goods and servies

• Free market capitalism

• Centrally planned economy

The buying and selling of market goods and services in a competitive free market, with limited restrictions

• Free market capitalism

• Centrally planned economy