![]() ![]() ![]() ![]() This was due to the absence of market forces and signals, the primacy of political influences and a lack of accountability. Despite having some of the highest levels of investment, they had some of the lowest returns. The system was notable for its crippling inefficiencies and gross mismanagement. This was because the absence of a market meant Communism was enormously wasteful with resources. The main reasons why Communism failed was that it could not provide a decent standard of living for its people.
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