Economics Communism Questions
Communism is a socio-economic ideology and political system where the means of production, such as factories and land, are owned and controlled by the community as a whole. In a communist society, there is no private ownership of property, and the goal is to create a classless society where wealth and resources are distributed equally among all members. The central principle of communism is the abolition of social classes and the establishment of a stateless and egalitarian society.