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Communism. Communism, also known as a command system, is an economic system where the government owns most of the factors of production and decides the allocation of resources and what products and services will be provided.The most important originators of communist doctrine were Karl Marx and Frederick Engels.ommunism. Communism, also known as a command system, is an economic system where the government owns most of the factors of production and decides the allocation of resources and what products and services will be provided.
Which is the best definition of communism? a. Communism is an economic system in which the distribution of property and resources is primarily controlled by the government. b. Communism is an economic system in which the distribution of property and resources is primarily controlled by private businesses.