Communism Economic System
By : Angelica Gonzalez 8th period
The benefits of communism are that people are equal , every citizen can keep a job and there is no competition which leads to a stable system .
Facts about communism
. The government is in charge of the factors of production and decides the resources .
2. How are people paid in this system ?
. People are paid all the same in this economic system .
3. How do they buy and sell things that they need ?
. in this system people don't necessarily buy things they sell what they can give such as oil diamond cobalt etc.
Refutations That are mostly pointed out are ?
2. It doesn't value creativity.
3. Reduced incentives to work hard.
Although based on the negative refutation's in the communism system it stabilizes people in equal rights and has no competition overall , also it can have its disadvantages and advantages its a stabled economy that can give basic needs to citizens and distribution of goods and services would take place on the individual needs .