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capitalism
Communism is an example of a political/socioeconomic idealogy, like Capitalism, Socialism, or Totalitarianism.
Communism is the political system that called for government control of the economy.
These are examples of economic and political ideologies.
Capitalism is a free-market system with little or no government regulation. Communism is a system where the market and means of production are owned by the government. Socialism allows some regulation of the economy and is also the transition from capitalism to all out communism.
they are used to represent both political and economic ideas
the philosophy is communism.
Some political systems are Capitalism, Totaltarism, and Communism but there are many more.
they are used to represent both political and economic ideas --Shelby :)
They represent ideas about both political and economic systems.
"Communism" vs liberalism/ capitalism
Communism is the socioeconomic political philosophy. It postulates the importance of humans in economic activity. It is a form of socialism.