Final answer:
Communism is an economic system that promotes common ownership and aims to create an equal society. However, there is a distinction between small-c 'communism' and large-C 'Communism,' which refers to totalitarian governments.
Step-by-step explanation:
Communism is an economic system in which property, means of production, and materials are owned and operated for the benefit of every individual in a society. In theory, communism promotes common ownership and aims to create an equal society by preventing the exploitation of workers. However, there is a distinction between small-c 'communism,' which refers to a social system by which property is owned by the community and people work for the common good, and large-C 'Communism,' which refers to the political ideology associated with totalitarian governments in countries like the Soviet Union and China.