Communism:
Communism is an ideology which encourages the economic equality by getting rid of private properties of the individuals. The beliefs of the communism were popularly expressed by Karl Marx. The centre on the idea of communism is that the inequality and the sufferings of the people often results from Capitalism.
Capitalism supports the view of private people holding the business and corporations owning all the factories and equipment. It also states about individuals holding the other resources called "the means of production” which includes mills, mines, factories etc.
The communism says that these owners might end up exploiting the workers, who are then forced to sell their labour for wages. Communism is a concept which differs from socialism, although the two have similarities. Both philosophies uphold its views on economic equality and the ownership of state of various goods and services.