write a short note on capitalism , socialism and mixed economy?

Dear student, In a CAPITALISTIC system,all the means of production are owned by the private entrepreneurs,so they have all the power and the govt. does not interfere here,although it gives rise to fast economic growth but inequalities arise in the economy which is unjust. In a SOCIALISTIC economic system,all the means of production is owned by the government , although there is not so fast economic growth but it keeps a check on the social inequalities amongst the economy and tries to mitigate the effects. So, a MIXED economy which comprises both socialist and capitalistic economy will prosper more because there will be both:- Fast rise in the economy of a country and social stability like equal employment opportunities,equal distribution of income etc. Regards,