Communism

Definition

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