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There are infact 5 :

CapitalismIn a capitalist or free-market economy, people own their own businesses and property and must buy services for private use, such as healthcare.CommunismIn a communist country, the working class, through cooperatives, owns all businesses and farms and shares the healthcare, education and welfare.FeudalismA system of land ownership and duties. Under feudalism, all the land in a kingdom was the king's. However, the king would give some of the land to the lords or nobles who fought for him. These presents of land were called manors. Then the nobles gave some of their land to vassals. The vassals then had to do duties for the nobles. The lands of vassals were called fiefs.SocialismSocialist governments own many of the larger industries and provide education, health and welfare services while allowing citizens some economic choices.Welfare stateConcept of government in which the state plays a key role in the protection and promotion of the economic and social well-being of its citizens. It is based on the principles ofequality of opportunity, equitable distribution of wealth, and public responsibility for those unable to avail themselves of the minimal provisions for a good life.

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10y ago
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6mo ago

The most common types of governments today are democracy, where the power is held by the people and decisions are made through voting; authoritarian, where power is concentrated in the hands of a single leader or small group; and monarchy, where a king or queen holds power. There are variations and hybrid forms of these types as well.

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Q: What are the 3 types of governments today?
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