Definition of communism

Reference

com·mu·nism

-n

m) KEY

NOUN:

A theoretical economic system characterized by the collective ownership of property and by the organization of labor for the common advantage of all members.
Communism
1. A system of government in which the state plans and controls the economy and a single, often authoritarian party holds power, claiming to make progress toward a higher social order in which all goods are equally shared by the people.
2. The Marxist-Leninist version of Communist doctrine that advocates the overthrow of capitalism by the revolution of the proletariat.

ETYMOLOGY:
French communisme, from commun, common, from Old French, from Latin commnis ; see commune²

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