Unicameralism is the practice of having a single legislative chamber, which is often seen in smaller, unitary states where there is no perceived need for bicameralism. While it has advantages like efficiency and reduced costs, unicameralism can lead to issues such as lack of checks and balances, potential for authoritarianism, and inadequate representation of diverse societal interests. The document also discusses examples from New Zealand and China, highlighting how practical experiences can challenge the theoretical benefits of a unicameral system.