Communist

Definition

A political ideology that advocates for the common ownership of resources and the elimination of social classes. In a communist society, there is no private property and the government controls all aspects of production and distribution.

Related terms

Capitalism: An economic system based on private ownership where individuals or businesses can own property, make profit, and control production.

Socialism: An economic system where resources are owned collectively by society as a whole. It is seen as a transitional stage between capitalism and communism.

Marxism: The political theory developed by Karl Marx that forms the basis for communism. Marxism emphasizes class struggle and revolution as means to bring about a communist society.