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The socialist mode of production, also known as socialism or communism, [a] is a specific historical phase of economic development and its corresponding set of social relations that emerge from capitalism in the schema of historical materialism within Marxist theory.
Communism (from Latin communis, 'common, universal') [1] [2] is a sociopolitical, philosophical, and economic ideology within the socialist movement, [1] whose goal is the creation of a communist society, a socioeconomic order centered around common ownership of the means of production, distribution, and exchange that allocates products to ...
Communism (from Latin communis, 'common, universal') is a sociopolitical, philosophical, and economic ideology within the socialist movement, whose goal is the creation of a communist society, a socioeconomic order centered around common ownership of the means of production, distribution, and exchange that allocates products to everyone in society based on need.
This is an accepted version of this page This is the latest accepted revision, reviewed on 8 December 2024. Type of society and economic system This article is about the hypothetical stage of socioeconomic development. For the economic systems of the former Soviet and Eastern Bloc Communist states, see Soviet-type economic planning. For communistic society, see Intentional community. Part of a ...
Ludwig von Mises is best known for his work on praxeology studies comparing communism and capitalism. Austrian school economist Hans-Hermann Hoppe argued that countries where the means of production are nationalized are not as prosperous as those where the means of production are under private control ("prosperous" is defined in terms of GDP ...
In the classic Marxist definition (pure communism), a communist economy refers to a system that has achieved a superabundance of goods and services due to an increase in technological capability and advances in the productive forces and therefore has transcended socialism such as a post-scarcity economy. This is a hypothetical stage of social ...
Communism also refers to a variety of political movements which claim the establishment of such a social organization as their ultimate goal. Early forms of human social organization have been described as "primitive communism". However, communism as a political goal generally is a conjectured form of future social organization which has never ...
Principles of Communism (German: Grundsätze des Kommunismus) is a brief 1847 work written by Friedrich Engels, the co-founder of Marxism. It is structured as a catechism, [1] containing 25 questions about communism for which answers are provided.