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Apr 23, 2024 · 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. There is no government or private property or currency, and the wealth is divided among citizens equally or according to individual need.
Today, the word communism usually refers to the political and economic ideologies originating from Karl Marx's theory of revolutionary socialism, which advocates a proletariat overthrow of capitalist structures within a society; societal and communal ownership and governance of the means of production; and the eventual establishment of a ...
- What is the difference between 'communism' and 'socialism'?English speakers generally use the word communism to talk about political and economic ideologies that find their origin in Karl Marx’s theory of r...
- What countries are communist?The countries of China, Cuba, Vietnam, Laos, and North Korea are the existing countries typically identified as being communist.
noun [ U ] us / ˈkɑm·jəˌnɪz·əm / Add to word list. politics & government. an economic system based on public ownership of property and control of the methods of production, and in which no person profits from the work of others. (Definition of communism from the Cambridge Academic Content Dictionary © Cambridge University Press)
Communism definition: a theory or system of social organization based on the holding of all property in common, actual ownership being ascribed to the community as a whole or to the state.. See examples of COMMUNISM used in a sentence.
noun [ U ] us / ˈkɑm·jəˌnɪz·əm / Add to word list. politics & government. an economic system based on public ownership of property and control of the methods of production, and in which no person profits from the work of others. (Definition of communism from the Cambridge Academic Content Dictionary © Cambridge University Press)
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.
