communism
1 of 1noun/ˈkɑmjəˌnɪzəm/
1
a political system in which the government controls all industry, every citizen is equally treated, and private ownership does not exist
C1Learn more on Wikipedia- Communism is a political and economic ideology advocating for a classless society where the means of production are owned collectively.
- The Soviet Union was one of the most prominent examples of a communist state during the 20th century.
- Communist parties around the world vary in their approaches to achieving socialist goals through democratic means.
- Marx and Engels outlined their vision of communism in "The Communist Manifesto" published in 1848.
- The collapse of the Soviet Union in 1991 marked the end of an era for state-controlled communism in Eastern Europe.
2
a form of socialism in which private property is abolished and resources are collectively owned
- Citizens experienced communism through state-owned industries.
- Under communism, land and factories were nationalized.
- The economic system under communism eliminated private enterprise.
- Communism redistributes wealth to ensure social equity.
- The government implemented communism after seizing private assets.