[Justme]

An "economic, social and political doctrine which expresses the struggle for the equal distribution of wealth by eliminating private property and the exploitative ruling class. In practice, such a distribution of wealth is achieved by social ownership of the means of production, exchange and diffusion.

or

Economic system centered on the belief that the means of production (such as land) should be collectively owned and that market exchange should be replaced by collectively controlled distribution based on social needs.

or

A leftist political ideology that emphasizes the principle of equality and usually prescribes a large role for government to intervene in society and the economy via taxation, regulation, redistribution, and public ownership.