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Economic systems are an organized way in which a country distributes resources and goods and services across the world. It is systems groups traditional, command, market and mixed.
The pros and cons of two economic systems are
PROS: In Communism money is made evenly and everyone benefits. There is little Government intervention. This allows for privately owned products to be distributed amongst everyone and not just to the privileged. Everyone is equal and classes do not exist. Unemployment goes down because everyone is able to contribute to society in their own way. With Communism the community owns the resources.
CONS: In Capitalism the distribution of money and how its made is uneven. The rich get richer while the poor gets poorer. People do not have equal opportunity. You are basically placed into wealth and this causes social division and brings upon dictators. Which is not good to the people because it silences growth and the voice of the people putting limitations on their freedoms. In Capitalism all of the resources lay with a private owner.
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