Which is the best definition of communism by Merriam Webster?

b : a totalitarian system of government in which a single authoritarian party controls state-owned means of production. c : a final stage of society in Marxist theory in which the state has withered away and economic goods are distributed equitably.

How is the word communism used in a sentence?

Communism definition is – a system in which goods are owned in common and are available to all as needed. How to use communism in a sentence. communism, socialism, capitalism, and democracy a system in which goods are owned in common and are available to all as needed; a theory advocating elimination of private property…

What do you need to know about 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.

Who is the founder of the concept of communism?

Jennifer Rosenberg. Updated January 31, 2020. Communism is a political ideology that believes that societies can achieve full social equality by eliminating private property. The concept of communism began with German philosophers Karl Marx and Friedrich Engels in the 1840s but eventually spread around the world,

What are the ten characteristics of communism in theory?

Ten Characteristics of Communism in Theory. In the Communist Manifesto, Marx outlined the following 10 points: Abolition of property in land and application of all rents of land to public purposes. A heavy progressive or graduated income tax.

Where does the word communism come from in German?

A calque of the German word Kommunismus (from Marx and Engels’s Manifesto of the German Communist Party ), in turn a calque of the French word communisme, which was formed from commun (“common”), from Latin communis, and the suffix -isme (“-ism”).

How does communism work in relation to capitalism?

What It Is, How It Works, Comparison to Capitalism and Socialism. Communism is an economic system where the group owns the factors of production. In countries, the government represents the group. The means of production are labor, entrepreneurship, capital goods, and natural resources.