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Communism: A Social Economic System

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Communism:
A Social Economic System in which all property and resources are collectively owned by a society not by individual citizens.
It is a system of Government in which state controls the economy or the elected party is responsible for the progress of people and economy, and all goods are equally shared and distributed among all the people by the state or the elected Party who holds Power.
The Theory of Communism is to create Government under which all the natives are equal. Government takes what workers or labor produced and distribute equally to every person so that no one could become rich and live beyond poverty.
Communism concept was introduced just to get rid from those rich people who hold all the resources and the property, and system will distribute everything to the people equally under the supervision of state or nominated Party of society.
History of Communism:
The early Socialists (Fabians) – Utopian
In the early days of capitalism, there were many different groups who were in favor of socialism. There was a very tough time for labors and worker, child labor was widespread and sometimes workers had to work 14 hours a day. Karl Marx classified most of these groups as being utopian Socialists. In other words the people have ignored that capitalist society was based on class divisions. The only way to overcome this deadly hardworking was to throw the system of capitalism. The utopian socialists such as the Fabians believed in creating equal distribution

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