<p><strong>Noun</strong></p><ul><li>a theory or system of social organization that advocates the ownership and control of the means of production and distribution, capital, land, etc., by the community as a whole, usually through a centralized government</li><li>procedure or practice in accordance with this theory</li><li>(in Marxist theory) the stage following capitalism in the transition of a society to communism, characterized by the imperfect implementation of collectivist principles</li></ul>