Meaning of the word marxism in English

What does marxism mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

marxism

US /ˈmɑːrk.sɪ.zəm/
UK /ˈmɑːk.sɪ.zəm/

Noun

the political and economic theories of Karl Marx and Friedrich Engels, later developed by their followers to form the basis for the theory and practice of communism

Example:
The study of Marxism is essential for understanding 20th-century history.
Many political movements have been influenced by Marxism.