What is the difference between Capitalism, Socialism and Communism…

What is the difference between Capitalism, Socialism and Communism (provide examples of each)? Which is the better system and why? (You must provide a quote/stats and citation if you choose this question.)
What applied scenarios can you relate to this module’s content? What situations have you encountered at school or work that relate to this module’s content?
Please cite sources and please don’t use wikipedia

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