communism

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communism

a political and economic doctrine that advocates that the state should own all property and organize all the functions of PRODUCTION and EXCHANGE, including LABOUR. Karl MARX succinctly stated his idea of communism as ‘from each according to his ability, to each according to his needs’. Communism involves a CENTRALLY PLANNED ECONOMY where strategic decisions concerning production and distribution are taken by government as opposed to being determined by the PRICE SYSTEM, as in a market-based PRIVATE ENTERPRISE ECONOMY. China still organizes its economy along communist lines, but in recent years Russia and other former Soviet Union countries and various East European countries have moved away from communism to more market-based economies.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
[17.] Pavelescu Tudor, Alina; Dascal, Octavian; Petrovici, Afrodita; Dobrota, Carmen (Hrsg.) (2003), Partidul Comunist din Romania in anii celui de-al doilea razboi mondial: 1939-1944, Bucuresti: Arhivele Nationale ale Romaniei.
(32) Atitudini si opinii despre regimul comunist din Romania.
After the fall of comunist system in Albania after 1990, some changes in lifestyle and food use occurred in our population.
Arhitectura in proiectul comunist: Romania 1944-1989 [Architecture in the communist project: Romania 1944-1989].
Profesorul de economie Belu Zilber, un comunist ilegalist, avea mintea-brici si gura cam sloboda.
(Programul Partidului Comunist Roman [The Program of the Romanian Communist Party] 1975) During Ceausescu's dictatorship national ideology became an aggressive superiority complex known as "proto-chrononism" ("temporal priority", in old Greek).
The autoritharian, libertarian, social responsibility and soviet comunist concepts of what the press should be and do.
The Great Communist Bank Robbery / Marele jaf comunist, Romania 2005

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