USA HISTORY

Detailed explanation-1: -What is communism? Communism is a political and economic system that seeks to create a classless society in which the major means of production, such as mines and factories, are owned and controlled by the public.

Detailed explanation-2: -In a true communist economy, the community makes decisions. In most communist countries, the government makes those decisions on their behalf. This system is called a command economy. The leaders create a plan that outlines their choices, and it’s executed with laws, regulations, and directives.

Detailed explanation-3: -Communism, sometimes referred to as revolutionary socialism, also originated as a reaction to the Industrial Revolution, and came to be defined by Marx’s theories-taken to their extreme end. In fact, Marxists often refer to socialism as the first, necessary phase on the way from capitalism to communism.

Detailed explanation-4: -Historically, command economies were associated with a political system known as communism, where the goals of society as a whole were given priority over individual goals. The Soviet Union until its breakup in the late 1980s was an excellent example of a command economy.