F.4. Conclusion
Today, the historical words capitalism, socialism, and communism do not fully capture the economic systems of nations. New words are also used to describe economic systems- free market system; mixed economy; command economy. In other words, communism, socialism, and capitalism are in sync with modern national economics falling somewhere in the middle, or mixed zone of the different types of economies.
Ultimately, nations and citizens of nations must decide how much government regulation of the economy is appropriate. Therefore, a clear understanding of the historical developments, meanings, political associations, and synonyms of these three words is essential.