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Answer to Question #2847 in Economics of Enterprise for Amy

Question #2847
What are the advantages and disadvantages of communism?
Expert's answer
Communism - a socio-economic structure based on means of socialization of production
Advantages:
- Communist idea the first time proved that it was a person may be in the center of social, public life, rather than capital and oligarchic interests and capitalist circles.
- provide social package& and guarantee for each worker
- strict discipline and control of activities
Disadvantages:
- prevailing public opinion and interest on personal
- strict centralization of economy
- absence of economic incentive for development
- mass production and standardization of production
- absence of market regulators of economy etc

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Comments

Saphyne
22.10.15, 21:32

Thanks

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