Final answer:
Socialism and communism both advocate for economic systems that oppose the free market's exploitation, with socialism allowing some private ownership and communism pushing for total communal ownership.
Step-by-step explanation:
Socialism and communism share the belief that the free market system exploits the masses while providing an abundance of wealth for the privileged few. Both ideologies see economic inequality as a primary issue in society and promote the public or communal ownership of goods and resources as a solution. Socialism tends to allow for some private property and democratization in the control of public resources, while communism advocates for the complete common ownership of all property and means of production, often implemented through a dictatorship of the proletariat in its transitional phase. However, the theoretical ideals of communism often contrast with the reality, where rights violations and government-led control differ from a true proletariat-led movement.