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  • communism is a political and economic ideology that is based on the idea of creating a classless society in which all property and wealth are communally owned and controlled. the ultimate goal of communism is to create a system in which all individuals are equal and have access to the resources they need to live a fulfilling life. in a communist society, the state plays a central role in the economy and is responsible for distributing resources and planning production in order to meet the needs of the people. this is in contrast to a capitalist system, in which the economy is based on the private ownership of the means of production and the creation of profit.