WORLD HISTORY

Detailed explanation-1: -Under communism, there is no such thing as private property. All property is communally owned, and each person receives a portion based on what they need.

Detailed explanation-2: -There is no government or private property or currency, and the wealth is divided among citizens equally or according to individual need. Many of communism’s tenets derive from the works of German revolutionary Karl Marx, who (with Friedrich Engels) wrote The Communist Manifesto (1848).

Detailed explanation-3: -Communism, also known as a command system, is an economic system where the government owns most of the factors of production and decides the allocation of resources and what products and services will be provided. The most important originators of communist doctrine were Karl Marx and Frederick Engels.

Detailed explanation-4: -Today, the existing communist states in the world are in China, Cuba, Laos, Vietnam, and North Korea (DPRK). These communist states often do not claim to have achieved socialism or communism in their countries but to be building and working toward the establishment of socialism in their countries.

Detailed explanation-5: -Most modern forms of communism are grounded at least nominally in Marxism, a theory and method conceived by Karl Marx during the 19th century.