In political and social sciences, communism is the social, political, and economic
ideology and movement whose ultimate goal is the establishment of the ...
The communist economic system is one where class distinctions are eliminated
and the community as a whole owns the means to production.
A tutorial on the economic systems of capitalism, socialism, and communism, and
how they essentially differ.
Noun, 1. communist economy - the managed economy of a communist state.
managed economy - a non-market economy in which government intervention is
In a Communist economy, the government owns most of the means of production
and will determine the allocation and provision of resources, products and ...
The Encyclopaedia Britannica states that communism is an economic system in
which private ownership of property and profit-based capitalism are replaced by ...
Karl Marx and Friedrich Engels turned the world upside down. Until the
publication of their 1848 Communist Manifesto, much of the western world
followed a ...
A political and economic ideology based on communal ownership and the
absence of class. Communism, which can be thought of as capitalism's opposite,
Definition of communism: Economic and social system in which all (or nearly all)
property and resources are collectively owned by a classless society and not by ...