In political and social sciences,
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.) ...
The government of Cuba is an example of communism. Licensed from
iStockPhoto. noun. The
The most familiar form of
A political and economic ideology based on communal ownership and the
absence of class.
Aug 4, 2015
Oct 29, 2014
At the opposite end of the spectrum from capitalism,
A theoretical economic system characterized by the collective ownership of property and by the organization of labor for the common advantage of all members.