Communism
Definition 1 of 2
Pro Tip 1/3
Societal Structure
Communism suggests everyone shares ownership, differing from individualism. In communism, factories are owned collectively, not by one person.
Pro Tip 2/3
Collective Good
Communism emphasizes the welfare of the community over individual gains. Under communism, the profits of a business would benefit the entire society.
Pro Tip 3/3
Historical Context
Communism as a concept has a controversial history with mixed public perceptions. Communism led to heated debates during the Cold War era.