a theory or system of social organization based on the holding of all property in common, actual ownership being ascribed to the community as a whole or to the state.

Communism is an economic ideology that advocates for a classless society in which all property and wealth are communally-owned, instead of by individuals. Prominent examples of communism were the Soviet Union and China.

Full Article Communism, political and economic doctrine that aims to replace private property and a profit-based economy with public ownership and communal control of at least the major means of production (e.g., mines, mills, and factories) and the natural resources of a society.

In theory, under communism, all means of production are owned in common, rather than by individuals (see Marxism and Marxism-Leninism). In practice, a single authoritarian party controls both the political and economic systems.

Examples of communism in a Sentence. On one side stood Hitler, fascism, the myth of German supremacy; on the other side stood Stalin, communism, and the international proletarian revolution.

The definition of communism is a system where all property is public and people work and are given things by the government according to their needs. An example of communism is the governing system in Cuba where the government controls everything and doles out benefits such as money, health care and food.

Characteristics of Communist System

• Abolition of Private Property.
• Collective Ownership of Means of Production.
• Central Planning.
• Elimination of Unfair Gaps in Incomes.
• Provision of Necessaries of Life.

What are the major characteristics of communism?

• Abolition of Private Property.
• Collective Ownership of Means of Production.
• Central Planning.
• Elimination of Unfair Gaps in Incomes.
• Provision of Necessaries of Life.

The primary point of difference between capitalism and communism is regarding the ownership of ‘means of production’ or resources in general. Communism shuns private/individual ownership of land or any vital resources. On the other hand, capitalism believes in private ownership of land and means of production.

Communism (from Latin communis, ‘common, universal’) is a philosophical, social, political, and economic ideology and movement whose goal is the establishment of a communist society, namely a socioeconomic order structured upon the ideas of common ownership of the means of production and the absence of social classes.

Communism is usually distinguished from socialism since the 1840s. The modern definition and usage of socialism settled by the 1860s, becoming the predominant term among the group of words associationist, co-operative and mutualist which had previously been used as synonyms.

The main difference is that under communism, most property and economic resources are owned and controlled by the state (rather than individual citizens); under socialism, all citizens share equally in economic resources as allocated by a democratically-elected government.

The U.S. is a mixed economy, exhibiting characteristics of both capitalism and socialism. Such a mixed economy embraces economic freedom when it comes to capital use, but it also allows for government intervention for the public good.

The means of production are labor, entrepreneurship, capital goods, and natural resources. Although the government doesn’t legally own the labor force, the central planners tell the people where they should work. German philosopher Karl Marx developed the theory of communism.

Key Takeaways Communism is an economic ideology that advocates for a classless society in which all property and wealth is communally-owned, instead of by individuals. The communist ideology was developed by Karl Marx and is the opposite of a capitalist one, which relies on democracy and production of capital to form a society.

For decades the Karen, Shan, Mon, Chin and other minority groups have been put through a process they call “Burmanization” — an informal system in which education, repressive laws, religious proselytization, economic exploitation and often brutal force are used to wash away their own identity.

Etymology and terminology Communism derives from the French communisme which developed out of the Latin roots communis and the suffix isme. Semantically, communis can be translated to “of or for the community” while isme is a suffix that indicates the abstraction into a state, condition, action, or doctrine.