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Unfortunately, Fascism has an undeserved bad reputation. Regardless of this reputation, Fascism is a very sensible economic and social ideology. There are a few different "flavors" of Fascism, but basically they all come down to the following.
Fascism is an economic system in which a nation's government plays a central role in monitoring all banking, trade, production, and labor activity which takes place within the nation. Such monitoring is done for the sole purpose of safeguarding & advancing the nation and its people. Under Fascism, the government will not approve of any business activity unless that business has a positive impact on the nation as a whole and the people of the nation - this is the axiom which determines everything under Fascism.
In other words, the government asks, "Is XYZ Enterprises good for our nation and our people?" If yes, it's approved. If no, it's not approved. When they ask, "Is it good?", they mean, "Is XYZ Enterprises good for the workers, do they pay a fair wage, do they produce a product or provide a service which advances our nation & our people technologically, morally, spiritually, health-wise, etc???" For example, a pornography company would not be allowed because pornography corrupts people generally and exploits & degrades women particularly. Also, "free" trade agreements (such as what the U.S. has with China) would never be allowed because such trade agreements result in companies sending jobs overseas (where labor is dirt cheap). Such an activity, of course, would undermine a nation's labor class. This is entirely unacceptable and thus not allowed under a Fascist economic model.
Fascism is based on free enterprise - but with constraints (the primary constraint being, "Is the particular economic activity in question good for our nation?"). Also, a businessman can become wealthy in a Fascist country, and the government has no objection to this (this is in stark contrast to Communism). Fascism also encourages private ownership of property (again, in stark contrast to Communism where private property is not allowed).
In a nutshell, Fascism basically tells entrepreneurs, "Go ahead and start a business, earn a lot of money, be successful, but don't produce any products or services which damage our nation and our nation's people... and make sure you treat your workers fair and pay them a living wage. If you don't do these things, we'll shut you down."
The above is the economic aspect of Fascism. There is also a cultural/social aspect to Fascism as well. Under Fascism, government plays a key role in monitoring: film, theatre, art, literature, music, education, etc in order to maintain a high moral standard, keep things clean and respectable, promote a strong sense of patriotism and honor, and prevent the dissemination of depraved filth which corrupts society.
With regard to political legislation introduced in a Fascist government, the same criteria is applied - "Will this proposed law benefit the nation as a whole and the people of our nation?"
A few other things to mention. Fascism encourages respect for the environment as Fascists understand that nature is the giver of life and thus must be preserved. Contrast this environmental view with that of Capitalism which too often takes the short term view with regard to resources and foolishly believes that pollution is a necessary byproduct of profit.
Also, under Fascism, if a person doesn't like things, he/she can leave the country. Contrast this with Communism where if you don't like things, you better keep your mouth shut. And, of course, there is no option to leave the country. You will submit or else be sent to a re-education camp where you'll be brainwashed to accept the Communist system. And if you still resist, you'll probably be killed. Again, there is no leaving. Submit or suffer the consequences.
Lastly, Fascism holds women in very high regard. Women are the carriers of new life. They are expected to be educated, worldly, and well read. Women are encouraged to pursue their interests and have a career but only if a career won't interfere with their family's needs; family comes first, always. Women are encouraged to be strong yet feminine.
In short, Fascism is a form of government & social system which authentically serves the interests of the people and nation as a whole.
In Germany, the former NSDAP (i.e., "Nazis") essentially followed the above described Fascist system.
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