Supposedly communism is simply referring to how much regulation the economy should have, the problem is that most "communist" countries have histories of human rights abuses. The current platform of the Communist Party USA illustrates a "communist democracy" where people would enjoy the same civil rights they do now but would heavily regulate corporations but not a lot of people trust them because of the history that communism has in other countries. In a real sense, the answer of democratic socialism may come closer to a better economy. Communism seeks to create a classless society, this means the use of force, and the "leaders" retain their "class of leadership".
The answer likely sought is SOCIALISM, but Socialism is quite variable and can defy the description posed in the question. There are socialists who are opposed to a command economy (prominent in Communism), but instead prefer a highly-regulated market economy. There are also forms of socialism that are more heavy-handed where Human Rights are concerned.
....is called Socialism.
socialism :)
Socialism
socialism
government ownership of property
Communism
Socialism. Complete ownership by the state is Communism.
Communism is a socioeconomic system based on common ownership and a classless society. A communist government has an expanded role in economic matters and basically controthe means of production of the state.
Communism
Communism
communism
Under communism, you would find the least private ownership.
Libertarian Socialism is the economic system based on equal collective ownership of property. It includes Social anarchism and libertarian Marxism.
Communism is an economic system almost the opposite of capitalism. Capitalism is the ownership of property and the means of production and wealth is in the hands of private entities. Communism is ownership of property and the means of production by the government and wealth shared with all.
Capitalism: free enterprise and private ownership Communism: high taxes, no private property Socialism: same as communism)
Classical capitalism