Ever wondered what the difference is between capitalism, socialism and communism? Well today we explore these three political and economic models and the philosophy and principles behind them. TOPICS COVERED IN THIS VIDEO: Communism, capitalism and socialism - brief definition - 0:01 Capitalism explained - 0:07 Marxism explained | Marxism made easy - 0:40 Socialism explained - 0:59 Communism explained - 1:26 Socialist, communist and capitalist countries in the world - 1:36  #capitalism #communism #socialism