- A socioeconomic system based on communal ownership and production of goods, communal self-government, and sometimes communal living. The slogan ‘from each according to his ability, to each according to his need’ encapsulates the disappearance of market mechanisms of exchange.
Philosophy dictionary. Academic. 2011.
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Communism — UK / US or Communism UK [ˈkɒmjʊˌnɪz(ə)m] / US [ˈkɑmjəˌnɪzəm] noun [uncountable] * a political and economic system in which individual people cannot own property or industries and in which people of all social classes are treated equally … English dictionary
communism — UK / US or Communism UK [ˈkɒmjʊˌnɪz(ə)m] / US [ˈkɑmjəˌnɪzəm] noun [uncountable] * a political and economic system in which individual people cannot own property or industries and in which people of all social classes are treated equally … English dictionary
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