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communism

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communismnoun
orCommunism/ˈkɑːmjəˌnɪzəm/
communism
noun
or Communism /ˈkɑːmjəˌnɪzəm/
Learner's definition of COMMUNISM  
[noncount]
: a way of organizing a society in which the government owns the things that are used to make and transport products (such as land, oil, factories, ships, etc.) and there is no privately owned property
— compare capitalismsocialism
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