Difference between Socialism, communism and capitalism?
Answers
The main difference is that under communism, most property and economic resources are owned and controlled by the state (rather than individual citizens); under socialism, all citizens share equally in economic resources as allocated by a democratically-elected government.Socialism, like communism, calls for putting the major means of production in the hands of the people, either directly or through the government. ... There is no purely capitalist or communist economy in the world today. The capitalist United States has a Social Security system and a government-owned postal service.
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Answer:
Under capitalism, you work for your own wealth.....socialist systems emphasize equal distribution among wealth among the people.communalism.In a way, communalism is an extreme form of socialism.....