What is the hypothetical economic and political system in which all people in society are socially equal?

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Communism is the hypothetical economic and political system in which all people in society are socially equal. The means of production are controlled by the community as a whole, and there is no private ownership. Everyone contributes according to their ability, and everyone receives according to their needs. There is no class system or hierarchy, and decision-making is democratic.

What Is the Hypothetical Economic and Political System in Which