differences between socialism and communlism
Answers
Answered by
7
Answer:
Key Differences Between Communism and Socialism
Under communism, there is no such thing as private property. ... By contrast, under socialism, individuals can still own property. But industrial production, or the chief means of generating wealth, is communally owned and managed by a democratically elected government.
Hope this helps you mate ✌
take Care!
Attachments:
Answered by
5
Answer:
Hᴇʏ❤️
Both socialism and communism place great value on creating a more equal society and removal of class privilege. The main difference is that socialism is compatible with democracy and liberty, whereas Communism involves creating an 'equal society' through an authoritarian state, which denies basic liberties.
Similar questions