In political and social sciences, communism is the radical social, political, and
economic ideology and movement whose ultimate goal is the establishment of
The communist economic system is one where class distinctions are eliminated
and the community as a whole owns the means to production.
The Encyclopaedia Britannica states that communism is an economic system in
which private ownership of property and profit-based capitalism are replaced by ...
In a Communist economy, the government owns most of the means of production
and will determine the allocation and provision of resources, products and ...
A political and economic ideology based on communal ownership and the
absence of class. Communism, which can be thought of as capitalism's opposite,
a non-market economy in which government intervention is important in
allocating goods and resources and determining prices. Word Family. communist
Nov 7, 2016 ... A: Communism and socialism are economic and political structures that promote
equality and seek to eliminate social classes. Sometimes, the ...
Nov 8, 2016 ... Communism is an economic theory that produces "from each according to ability"
and distributes "to each according to need." Pros,cons ...
The economic system of communism puts all planning of the economy in the
hands of the government. A communist society distributes ownership of property
Socialism and communism are alternative economic systems to capitalism. In this
lesson, you'll learn some of the key concepts behind these economic...