6.1 COMMUNALISM

Communalism is a social, political and economic arrangement in which landed properties and other natural resources are collectively owned, managed and co-operatively harnessed by the community for the common goof of everybody.

FEATURES OF COMMUNALISM

1. Collective ownership
2. Community Development
3. Self-government
4. Decision-making
5. Collective ownership of landed properties
6. No room for exploitation
7. Relationship

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6.2 FEUDALISM

It can be defined as a socio-political and economic system that existed during the middle ages which was based on land ownership between the lords and serfs

FEATURES OF FEUDALISM

1. Holding of Lands
2. Bond between the lords and the vassals
3. Sovereignty
4. Land ownership
5. Land Control
6. Annual tributes
7. Ceremony of homage

MERITS OF FEUDALISM

1. Order and personal loyalty
2. Self-reliance and love of personal independence among te big landlords
3. Spirit of liberty
4. Saving men from foreign invaders
5. Not allowing any kind of slavery
6. Protection of the weaker minorities

DEMERITS OF FEUDALISM

1. Inability to form strong national government
2. State of Anarchy
3. Confusion
4. Disobedience to the common law
5. Weak central government
6. Injustice
7. Undemocratic in nature

6.3 CAPITALISM

Capitalism can be defined as an economic system in which the means of production, exchange and distribution of goods and services are in the hands of a private individuals, providing or borrowing the necessary capital and taking the profits after all the costs of production have been met

FEATURES OF CAPITALISM

1. Consumer’s sovereignty
2. What to be produced is based on consumer’s choice
3. Means of production of goods and services, distribution and exchange are in the hands of private individuals
4. The basic motive in production Is profit making
5. The economy is subject to the market forces of demand and supply
6. Labor is a marketable commodity in a capitalist economy
7. There are many producers as well as buyers
8. There’s the existence of class wars

MERITS OF CAPITALISM

1. The system is open and it encourages Competition
2. There is specialization and hard work in the system
3. The people have a choice to make in almost everything needed and demanded
4. It is democratic in nature
5. Consumer sovereignty

DEMERITS OF CAPITALISM

1. Exploitation
2. There’s political and economic inequality in the system
3. There’s an unhealthy rivalry among producers of different or same product
4. Capitalism makes workers a wage-slave
5. It introduces and produces insecurity

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6.4 SOCIALISM

Socialism can be defined as a social, political and economic system in which the state owns and controls the means of production, exchange and distribution of goods and services

FEATURES OF SOCIALISM

1. The state owns and control the means of production
2. Equal distribution of nation’s wealth is maintained
3. There’s gainful employment for all citizens
4. Free education and Free medical services
5. There’s existence of only one political party
6. Prevention of waste

MERITS OF SOCIALISM

1. There’s industrial harmony
2. The tendency to exploit is eliminated in the system
3. The welfare of the people is adequately taken care of by the government
4. There’s no class distinction in the system
5. People are brought together under one central authority
6. Resources are equitably distributed
7. There is no unhealthy rivalry in the area of production

DEMERITS OF SOCIALISM

1. The absence of competition has virtually affected the quality of goods produced.
2. The government controls all aspects of the economic which doesn’t give room for personal initiatives
3. The economy may not grow fast
4. No division of labor
5. The sense of creativity is out of question in the life of an individual since the state does not encourage it
6. It can lead to inefficiency

6.5 COMMUNISM

It can be defined as a political and economic system in which the community, through common ownership, collectively controls all means of production.

FEATURES OF COMMUNISM

1. Common ownership
2. The state applies the use of force to achieve its goals
3. Most of the communist leaders are dictators
4. The economic planning is highly centralized
5. Productive activities are meant for common purpose
6. There’s equal and just distribution of nation wealth among the citizens
7. There’s full employment

6.6 TOTALITARIANISM

Totalitarianism is defined as a form of government in which the state has absolute control of everything, including all aspects of the citizen’s life

FEATURES OF TOTALITARIANISM

1. Absence of Constitution
2. The government is headed by a dictator
3. No attention to individual freedom and liberties
4. There is absolute control of the mass media
5. The government determine what is produced
6. There is the use of force and terror to impose the will of the leaders on the people

6.7 FASCISM

Fascism is defined as a form of government headed by a dictator in which government has a total control over all activities in the state, and personal liberties are denied the people.

FEATURES OF FASCISM

1. Supremacy of the leader
2. The government has control over all aspects of citizen’s life
3. Limited political participation
4. The state is superior to all
5. The state economy is highly centralized
6. The system emphasizes aggressive nationalism and racism
7. It rejects the law of God and forbids any form of religion

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6.8 NAZISM

Nazism may be defined as a form of government in which the state has total control over the cultural, social, economic and political activities of the people with their fundamental rights being denied.

FEATURES OF NAZISM

1. Totalitarian in every aspect
2. Education is under the control of the state
3. Full authority vested on the leader
4. Victimization, in which all who disobeyed are compelled to do so or face the consequences
5. This was believed to be people belonging to one race and so there was the need to maintain racial purity of the state

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