communism (kòm´ye-nîz´em) noun
1.A theoretical economic system characterized by the collective ownership of property and by the organization of labor for the common advantage of all members.
2. Communism. a. A system of government in which the state plans and controls the economy and a single, often authoritarian party holds power, claiming to make progress toward a higher social order in which all goods are equally shared by the people. b. The Marxist-Leninist version of Communist doctrine that advocates the overthrow of capitalism by the revolution of the proletariat.
[French communisme, from commun, common, from Old French, from Latin commúnis. See commune2.]
Excerpted from The American Heritage® Dictionary of the English Language, Third Edition © 1996 by Houghton Mifflin Company. Electronic version licensed from INSO Corporation; further reproduction and distribution in accordance with the Copyright Law of the United States. All rights reserved.