Communism/ Command economy

Communism on the rise!! Wednesday 28, 2012

Command Economy

An economic system that relies mainly on the central government to determine what goods and services to produce and how to produce them. That is what command economy is. In a command economy central planners can ensure full employment and money can be distributed equally as well as pretty stabil prices

Communism

Pro's, and Con's of Communism

Pro's: Central planners can ensure full employment for everyone, controls prices, stabilized the economy, distribute money equally, and Belief that the government controlled the economy.


Con's: Brutal suppression of opposition, Hostility to religion and human rights, people don't have a voice, and the government controls the media, dictator decides what everyone does.