Communism
Command Economy
By Jaimi Shiller, Tony Bonner, Katelyn Schwindt
Communism is a system of government in which a single political party controls the government and the economy. Also where the party holds supreme power.
Pros and Cons
Pros
- No social gap
- Little to no employment
- Government protection
Cons
- High poverty rates
- Little freedom
- Strict laws
Examples
- Joseph Stalin
- Cuba
- China
- North Korea
- Vietnam