Question

Communism is an economic system in which?

Answer 1

In a communist system, society shares all property equally (in common), the burdain of labour is shared as well as the profits thereof.

Pros and cons of Communism:

Pro's:
1. Unemployment rates can be drastically decreased.
2. All the basic needs of citizens are catered to
3. All class systems can be done away with
4. It can pave the way for a strong and safe country
5. Dictators are put in power

Con's
1. The general public can be kept in the dark regarding their leadership
2. It is an anti-ambition society
3. It can fuel poverty more than prevent it, mostly due to the lack of ambition
4. Corruption can be just as bad as in capitalism
5. The voice of the people are severely constrained.