Question

socialism and communism ?????​

Answer 1

Explanation:

Both socialism and communism are essentially economic philosophies advocating public rather than private ownership, especially of the means of production, distribution and exchange of goods (i.e. making money) in a society.

Answer 2

Answer:

Communism  and socialism are umbrella terms referring to two left-wing schools of economic thought; both oppose capitalism. As an ideology, communism is generally regarded as hard-left, making fewer concessions to market capitalism and electoral democracy than do most forms of socialism.