communism

/ˈkɑm.jə.nɪ.zəm/
noun
  1. A political and economic system in which property and resources are owned by the community as a whole, and each person works and is paid according to their needs and abilities.
    • The theory of communism was developed by Karl Marx and Friedrich Engels.
    • Under communism, the government controls all major industries.
    • Many countries adopted communism after revolutions in the 20th century.
  2. The ideology or movement that aims to establish such a system.
    • The party promoted communism as a way to create equality.
    • Communism spread to many parts of Asia and Eastern Europe.
    • He studied the history of communism in college.
What does "communism" mean? | whatsthatwordmean | whatsthatwordmean