Communism is a socioeconomic system where the community collectively owns and controls the means of production, such as factories and resources. This collective ownership aims to eliminate social classes and private property. In a communist society, goods and services are typically distributed based on need rather than individual contribution or wealth. For example, basic necessities like food and housing might be freely accessible to everyone. The absence of private property means individuals do not own land or businesses; instead, these are managed collectively for the benefit of all members of society.