Question

How do socialism and communism differ?

Answer 1

Socialism advocates for public ownership and management of goods and resources, while communism promotes common ownership of all property and means of production.

Step-by-step explanation:

Socialism and communism are both economic philosophies that seek to address inequalities in goods and resources, but they have some important differences.

Socialism advocates for public ownership and management of goods and resources, with allocation based on the needs of the community. It allows for private property but gives most control over basic resources to the government. Democratic socialism, for example, achieves this through the democratic process.

In contrast, communism promotes common ownership of all property, means of production, and materials. The government owns and controls farms, manufacturing, and businesses to create an equal society.

Answer 2

This is not in my own words i just searched . :

"While communism and socialism share many principles (in fact, some would say communism is an extreme form of socialism), the primary difference between the two is that communism is both an economic and political system, while socialism is only an economic system, and as such can exist within a number of political systems or even within parts of a larger economic system, such as capitalism. Other notable differences exist around the concepts of personal ownership (socialism maintains the concept of personal property ownership, while communism removes it) and personal choice (socialism maintains personal choice in areas like education and religion, while communism removes it)."

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