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Explore the principles of communism , its historical evolution, and its impact on countries like China and the Soviet Union. Learn how this ideology opposed capitalism. Communism (from Latin communis 'common, universal') [1][2] is a political and economic ideology whose goal is the creation of a communist society, a socioeconomic order centered on common ownership of the means of production, distribution, and exchange that allocates products in society based on need. [3][4][5] A communist society entails the absence of private property and social classes, [1] and ultimately money [6] and the state. [7][8][9] Communism is a part of the broader socialist ... Communism is a political, economic ideology and movement whose ultimate goal is the establishment of a communist society, namely a socioeconomic order structured upon the ideas of common ownership of the means of production and the absence of social classes, money and the state. The concept of communism is important from the IAS Exam point of view.
