Give a definition of the term “communism,” relevant factoids, and the significance of the term and its overall importance to broader themes.

A

A political and economic ideology and system under which all modes of production are owned publicly, by the workers. Under communism, people do not need a state since there is no public property. It is posed as a contrast to capitalism under which only some people have access to private property and modes of production. The most commonly known work about capitalism and communism, Capital, was written by Karl Marx in 1857. In the book, Marx introduced such terms as the proletariat, people who work to survive, and bourgeoisie, people who own the modes of production and decide labor conditions. While communism includes a variety of branches, this class distinction is at the basis of all theories. Some countries attempted to institute communism and its implementation significantly altered the course of many global events.

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Academic.Tips. 2021. "Give a definition of the term “communism,” relevant factoids, and the significance of the term and its overall importance to broader themes." September 14, 2021. https://academic.tips/question/give-a-definition-of-the-term-communism-relevant-factoids-and-the-significance-of-the-term-and-its-overall-importance-to-broader-themes/.

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Academic.Tips. "Give a definition of the term “communism,” relevant factoids, and the significance of the term and its overall importance to broader themes." September 14, 2021. https://academic.tips/question/give-a-definition-of-the-term-communism-relevant-factoids-and-the-significance-of-the-term-and-its-overall-importance-to-broader-themes/.

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"Give a definition of the term “communism,” relevant factoids, and the significance of the term and its overall importance to broader themes." Academic.Tips, 14 Sept. 2021, academic.tips/question/give-a-definition-of-the-term-communism-relevant-factoids-and-the-significance-of-the-term-and-its-overall-importance-to-broader-themes/.

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