Question

Which best describes the difference between socialism and communism?

Answer 1

Socialism is a plotical and economic theory of social organthat advocates that the means of production. Distribution, and exchange should be owned or regulated by the community as a whole.

Communism is a political and economic system which citizens share property and wealth based on need. Private ownership does not occur. Ran by the government.

Answer 2

Socialism states that all of the production, distribution, and exchange should be owned by the whole society as a whole and shows that everyone is working and getting their hard work payed back. On the other hand, Communism shows that war leads a society whereas all public property is owned by all based upon their needs and abilities.

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