Question

what is meant by socialism and communism​

Answer 1

Answer:

An early distinction between communismand socialism was that the latter aimed to only socialise production while the former aimed to socialise both production and consumption (in the form of free access to final goods).

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Answer 2

Answer--- ∆

♀● In the classic Marxist definition

(pure communism), a communist

economy refers to a system that has

achieved a superabundance of

goods and services due to an

increase in technological capability

and advances in the productive

forces and therefore has

transcended socialism (see

post-scarcity economy).