Communism, in theory, refers to the anti-capitalist proposals of Karl Marx and his followers advocating for communal ownership of the means of production. In practice, it describes economic systems where production facilities are state-owned and production decisions are made by official policies rather than market actions.
Escheat is a legal doctrine that transfers the property of a person who dies without a will and has no legal heirs to the state.
The process through which the government takes ownership of a private business or industry.
