Identify the closest type of market system that describes Stalinist USSR, USA, Hitler's Germany, and Sweden

Different economists have different market systems since they face various problems and strengths. Thus, the type of market system that is adopted depends on the strengths and weakness-es of the market.

The market system that describes the Stalinist USSR is communism. This a market system where the community owns everything, and people receive and contribute to the based on their needs. Communism is the best to identify the Stalinist USSR market system since it is characterized by joining efforts like the mass collectivization of agriculture.

The market system that describes the USA is capitalism. Capitalism is a market system in which the market activities are well-ordered by the private sector rather than the State. This is evident in the USA since most of the firms are privately possessed and are maintained by the private sector. The government only offers a few regulations. Thus capitalism is the best market system to de-scribe the USA market system.

The market system that describes Hitler's Germany is fascism. Fascism is a market system that is characterized by a dictatorship. Since Hitler was a known dictator, he used to dictate what was to happen in every sector in the economy. Thus, the best description of Hitler's Germany market system is fascism.

The market system that describes Sweden is socialism. This is a market system that is significantly impacted by the social organization of the people in the market. Sweden is one of the most socially developed countries in the world. Almost all aspect of the Sweden economy is affected by social activities, including the market system. Thus the best market system for describing Sweden is socialism.