WORLD HISTORY

Detailed explanation-1: -According to The Oxford Handbook of Karl Marx, “Marx used many terms to refer to a post-capitalist society-positive humanism, socialism, Communism, realm of free individuality, free association of producers, etc. He used these terms completely interchangeably.

Detailed explanation-2: -However, in Marx’s fully realized communism, society has no class divisions or government or personal property. The production and distribution of goods is based upon the principle “From each according to his ability, to each according to his needs.” socialism.

Detailed explanation-3: -After the revolution, Marx predicted, private ownership of the means of production would be replaced by collective ownership, first under socialism and then under communism. In the final stage of human development, social classes and class struggle would no longer exist.

Detailed explanation-4: -Communism is a political and economic ideology that positions itself in opposition to liberal democracy and capitalism, advocating instead for a classless system in which the means of production are owned communally and private property is nonexistent or severely curtailed.