A communist regime is a form of government in which the state owns and controls all means of production and there is no private ownership. It is characterized by a centralized authority and the absence of political pluralism.
Related terms
Command economy: An economic system in which all resources are owned and controlled by the government, who determines what goods and services are produced.
Collectivization: The process of bringing agricultural production under collective ownership, often associated with communist regimes.
Central planning: A system in which the government makes decisions about production goals, resource allocation, and distribution of goods and services on behalf of society.