Answer:
Collective Ownership: Socialism and communism advocate for collective or state ownership of the means of production, which contrasts with the private ownership central to free enterprise.
Economic Planning: These ideologies emphasize central economic planning rather than the free-market dynamics found in free enterprise.
Equality over Profits: Socialism and communism prioritize economic equality and social welfare, whereas free enterprise often focuses on profit and individual wealth.
Limited Private Property: In socialism and communism, there is typically more limited private property ownership, whereas free enterprise promotes extensive private property rights.
Regulated Markets: These ideologies involve greater market regulation and control, while free enterprise aims for minimal government intervention in markets.
Resource Allocation: Socialism and communism seek to allocate resources based on need, not market demand, as is common in free enterprise.
Classless Society: Communism, in particular, aims to eliminate social classes, which contrasts with the income disparities often present in free enterprise systems.
Public Services: Socialism and communism often provide essential services like healthcare and education as public goods, reducing the role of private enterprise.
Profit Motive: The profit motive that drives free enterprise is de-emphasized in socialist and communist systems.
Ownership of Capital: Ownership of capital and businesses in free enterprise is typically private or corporate, while in socialism and communism, it's often collective or state-controlled.