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Communism is a type of government as well as an economic system (a way of creating and sharing wealth). In a Communist system, individual people do not own land, factories, or machinery. Instead, the government or the whole community owns these things.
In its most common usage, the term communism refers to the type of ideal society envisioned by the 19th-century German revolutionary Karl Marx or to forms of government based on Marx’s ideas that were established in Russia, China, and other countries in the 20th century.
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27 Μαρ 2023 · Communism (from the Latin word communis meaning "common" and "universal") is originally the concept of a social organisation without social classes, state and money. Ownership of the the means of production (factories, farmland, housing) would be shared by the workers.