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