COMMUNIST
GOVERNMENT:
The pros of being in a communist government is that
everyone is treated equally. The entire population is employed and hence, the
economy is good. There are very little crimes in the country since the laws are
very strict.
The cons of a communist government is that there is no
personal property and everything belongs to the government. The people have no
rights or freedom and all the laws are enforced on the people without their
consent.
example: China
CAPITALIST
GOVERNMENT:
There is free market which provides individuals with a
wide range of opportunities to achieve economic growth. Since capitalism favors
decentralized economy, the individuals have more competition and the entrepreneurs
who do better are the winners. Capitalism
gives rise to an economy where the consumers regulate the market which results
in formation of wide variety of products and a range of services.
The cons of capitalism is that it can give a raise
to an unfair competition amongst people leading to unfair distribution of
wealth. It is also business centralized which can lead to harm the environment
as the market is on the rise. The unemployment rate is also high in capitalist
countries.
example: The United States
