Final answer:
Communism is an economic system under which there is no private or corporate ownership. Karl Marx predicted that inequalities of capitalism would lead to its collapse and the eventual establishment of communism as a more equitable system.
Step-by-step explanation:
Communism is an economic system under which there is no private or corporate ownership: everything is owned communally and distributed as needed. Karl Marx, the creator of communism, defines it as an economic and social system where there is no private or corporate ownership. Instead, everything is owned communally and distributed as needed. Marx theorized that the extreme inequalities of capitalism would drive workers to revolt, leading to the collapse of the capitalist system. Communism is envisioned as a more equitable system, characterized by the absence of class distinctions, government, and private property. Karl Marx, the creator of communism, predicted that inequalities of capitalism would become so extreme that workers would revolt, leading to the collapse of capitalism and its replacement by communism. Marx believed that communism was a more equitable system than capitalism.