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Definition of 'Communism'

Communism is a socioeconomic system that advocates for the common ownership of the means of production and the absence of social classes, money, and the state. Communism is often presented as the final stage of historical development that follows capitalism; in contrast to socialism, communism is defined as a classless, stateless society where everyone works and is paid according to their abilities and needs.

Communism is a radical political ideology that has been implemented in various forms throughout history. The first communist state was the Soviet Union, which was established in 1922. Other communist states have included China, Cuba, and Vietnam.

There are many different schools of thought within communism, but some of the key tenets include:

* The abolition of private property
* The common ownership of the means of production
* The absence of social classes, money, and the state
* The equal distribution of wealth and resources
* The guarantee of basic needs for all citizens

Communism has been criticized for its utopian goals, its authoritarian tendencies, and its record of human rights abuses. However, it remains a popular ideology among many people around the world, and it continues to be a force for social and political change.

In the economic sense, communism is a system in which the government owns and controls all means of production, distribution, and exchange. There is no private property, and all citizens are entitled to the same share of goods and services.

Communism is often contrasted with capitalism, which is a system in which the means of production are privately owned and operated for profit. In a capitalist system, there is a free market for goods and services, and individuals are free to own private property.

The main difference between communism and capitalism is the role of the government. In a communist system, the government plays a central role in the economy, while in a capitalist system, the government plays a more limited role.

Communism has been criticized for its lack of economic efficiency and its tendency to stifle innovation. However, it has also been praised for its potential to create a more just and equitable society.

Ultimately, the merits of communism versus capitalism are a matter of debate. There is no one right answer, and the best system for a particular country will depend on its specific circumstances.

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