key term - Communism

Definition

Communism is a political and economic ideology that aims for a classless society in which all property and resources are communally owned, eliminating personal wealth distinctions. It seeks to establish a stateless, egalitarian society where everyone works according to their abilities and receives according to their needs.

Related terms

Marxism:

An ideology proposing a class struggle leading to the overthrow of capitalism and establishment of a communist society.

Proletariat:

The working-class people viewed as the main force for revolution in Marxist theory.

Bourgeoisie:

The capitalist class who own most of society's wealth and means of production, opposed by the proletariat in Marxist theory