Means of Production: The facilities and resources for producing goods, such as factories and raw materials, which in socialism are collectively owned.
Communism: A political and economic ideology advocating for a classless society where all property is publicly owned and each person works and is paid according to their abilities and needs.
Capitalism: An economic system characterized by private ownership of the means of production and where prices, production, and the distribution of goods are determined mainly by competition in a free market