Section 5
Businesses Under Communist Systems
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The Communist Economic System
The communist economic system is one where class distinctions are eliminated and the community as a whole owns the means to production.
The Benefits of Communism
Communism ideology supports widespread universal social welfare, including improvements in public health and education.
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The Disadvantages of Communism
Businesses under Communist system have very strict limitations as to what they can and cannot do, which can hamper productivity and innovation.