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Communism, political and economic doctrine that aims to replace private property and a profit-based economy with public ownership and communal control of at least the major means of production (e.g., mines, mills, and factories) and the natural resources of a society.
Communism is a political and economic system that seeks to create a classless society in which the major means of production, such as mines and factories, are owned and controlled by the public.
Communism is a type of government as well as an economic system (a way of creating and sharing wealth). In a Communist system, individual people do not own land, factories, or machinery. Instead, the government or the whole community owns these things.
Britannica Dictionary definition of COMMUNISM. [noncount] : a way of organizing a society in which the government owns the things that are used to make and transport products (such as land, oil, factories, ships, etc.) and there is no privately owned property — compare capitalism, socialism.
Communism, political and economic doctrine that aims to replace private property and a profit-based economy with public ownership and communal control of at least the major means of production (e.g., mines, mills, and factories) and the natural resources of a society.
His theory has three main aspects: first, a materialist conception of history; second, a critique of capitalism and its inner workings; and third, an account of the revolutionary overthrow of capitalism and its eventual replacement by communism.
communism, Political theory advocating community ownership of all property, the benefits of which are to be shared by all according to the needs of each. The theory was principally the work of Karl Marx and Friedrich Engels.
Communism is a political and economic system in which the major productive resources in a society—such as mines, factories, and farms—are owned by the public or the state, and wealth is divided among citizens equally or according to individual need. In its most common usage, the term communism refers to the type of ideal society envisioned ...
Exactly how communism differs from socialism has long been a matter of debate. Karl Marx used the terms interchangeably. For many, however, the difference can be seen in the two phases of communism as outlined by Marx.
The Communist Manifesto, pamphlet (1848) written by Karl Marx and Friedrich Engels to serve as the platform of the Communist League. It became one of the principal programmatic statements of the European socialist and communist parties in the 19th and early 20th centuries.