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COMMUNISM

  1. Definition of Communism
  2. Features of Communism
  3. The Origin and Development of Communism
  4. The Principles of Communism
  5. The Relationship between Socialism and Communism

 

Definition of Communism

Communism is a political and economic system in which the means of production, distribution and exchange are commonly owned and equally distributed. It is based on the principle of “from each according to his capacity and to each according to his needs”. It is the last stage or highest stage of socialism. Karl Marx is regarded as the father of communism.

 

Features of Communism

The following features are associated with communism:

  1. Collective ownership: The principle advocated for common, collective and public ownership of means of production and distribution for the benefit of all and sundry.
  2. Classless society: The principle aimed at achieving a society without classes where there will be no distinction between the rich and the poor.
  3. Equitable distribution: The principle also aimed at achieving equitable distribution of resources, goods and services to the citizens to improve their economic welfare and standard of living.

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