Communism leads to slow economic growth, lack of motivation and less competition between the entrepreneurs.
<h3>What is Communism?</h3>
Communism is the economic theory derived by the Karl Marx which is based upon the class less society in which everyone is equal. It says that the means of the production is owned by the government.
The disadvantages of the communism is that government will be holding the property that means there will be no or less competition between the entrepreneurs. It will lack the free of speech.
The economic growth of the country will slow down leading to the political repression. The countries that followed the approach of the communism is Russia and China.
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