But there are also many problems with this system. Communistic systems tend to block out external cultures and exclude outside competition, weakening the system's ability to learn from, or compete with external economies. Also large or geographically broad populations tend to be diverse, making it difficult to maintain a common goal or set of rules for shared effort and resources...
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There are many advantages and disadvantages to a communist or capitalistic society. According to the American Heritage Dictionary, Capitalism is an economic system characterized by freedom of the market with increasing concentration of the private and corporate ownership of production and distribution means...
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