What is the difference between marxism and capitalism?

Marxism is an economic and political theory that advocates for the collective ownership of the means of production, aiming to eliminate class distinctions and promote a classless society. In contrast, capitalism is an economic system based on private ownership, where individuals or businesses own and control the means of production, driven by profit and market competition. While Marxism emphasizes social equality and redistribution of wealth, capitalism prioritizes individual freedom and economic incentives. The two systems fundamentally differ in their views on property, labor, and the role of the state in the economy.