Answer:
Both socialism and communism favor is described below in details.
Step-by-step explanation:
Both socialism and communism are basically economic theories promoting public rather than individual possession, particularly of the means of production, circulation, and transaction of goods (i.e., gaining money) in a civilization. Both endeavor to fix the obstacles they see as produced by a free-market capitalist arrangement, including the exploitation of operators and a widening distance between rich and poor.