Economy Assignment

Communism is an economy where they do not have classes such as lower class, middle class, and upper class.  Also they are not divided into states as basically everybody is working towards the good of everybody.  Socialism is sort of like communism as all of the businesses are owned by a corporation and can not be privately owned by an individual.  Capitalism let's everybody work for themselves and allows anybody to start their own business whether they are alone or with a partner.  Communism is good because everybody is the same basically but bad because nobody can make a living by themselves.  Socialism is good as business owners will never be alone but bad because nobody can be their own  boss.  Capitalism is bad because people can go broke if they're not smart but it's good because everybody can be their own person and be what they want.