an economic or political system in which the state or the community owns all property and the means of production, and all citizens share the wealth

Positives of Communism

  • no central leader
  • no social gap
  • 0% unemployment rate
  • high rate of growth
  • no unnecessary spending

Negatives of Communism

  • high poverty rates
  • little economic growth
  • censorship
  • high government intervention
  • little freedom
  • strict laws

Examples of Communism

  • everyone in a factory is paid the same
  • there is no president
  • the government is in control
  • no business leader