What is communism * Your answer?

communism. noun. type of economy where all property, including land, factories and companies, is held by the government. dictator. noun.

What is communism a reaction to?

Communism, sometimes referred to as revolutionary socialism, also originated as a reaction to the Industrial Revolution, and came to be defined by Marx’s theories—taken to their extreme end. In fact, Marxists often refer to socialism as the first, necessary phase on the way from capitalism to communism.

What does it mean to be called a communist?

a person who is regarded as supporting politically leftist or subversive causes. (usually initial capital letter) a Communard. adjective. (initial capital letter) of or relating to the Communist Party or to Communism. pertaining to communists or communism.

What is communism in simple words quizlet?

an economic system in which the central government directs all major economic decisions, factors of production are collectively owned and directed by the state.

What is communism in economics quizlet?

Communism. A economic system where all the property and businesses are owned and controlled by the state. Capitalism. An economic system with social classes that often exploited workers for greater profits.

How does communism function?

Simply put, communism is the idea that everyone in a given society receives equal shares of the benefits derived from labor. Communism is designed to allow the poor to rise up and attain financial and social status equal to that of the middle-class landowners.

What is communism and capitalism?

Capitalism is an economic system in which the trade and industry of the economy is owned and controlled by private individuals, to make profit. Communism refers to social system in which country’s trade and industry are controlled by the community and the share of each individual relies on his ability and needs.

What is the best definition of communism quizlet?

Which is the best definition of communism? Communism is an economic system in which the distribution of property and resources is primarily controlled by the government.