What is Communism

Communism is an economic system where means of production are controlled and managed by a Central State Authority, and there is also a restriction on the ownership of personal property. In communism personal belongings, as clothing, watches, and shoes are allowed to be owned by individuals and the houses are owned by the State.

Communism is the extreme form of Socialism

In communism individuals are assigned work by the State and they are given a bit remuneration of their service normally in kind. People get ration from Government department. People do not have choice of their own. They have to be content with whatever is prescribed for them. State provides all social services such as educational, recreational and hospital facilities.

Also Read: Characteristics of Communism Merits & Demerits of Communism Research Methodology

Advantages and Disadvantages of Communism

Advantages of Communism

Following are the merits of communism
Careful life
Full employment of manpower
Rapid development and economic growth
Equitable distribution of wealth

Disadvantages of Communism

Personal freedom is lost
Workers are treated as machines
Materialistic approaches to life problems
Central State Authority holds all means of production