QuestionMay 24, 2025

What is the difference between communism and socialism? Socialism is an extreme form of communism where there's no private ownership. Socialism eliminates all private ownership in favor of collective ownership; communism does not. Socialism protects workers from business owners communism eradicates private ownership.

What is the difference between communism and socialism? Socialism is an extreme form of communism where there's no private ownership. Socialism eliminates all private ownership in favor of collective ownership; communism does not. Socialism protects workers from business owners communism eradicates private ownership.
What is the difference between communism and
socialism?
Socialism is an extreme form of communism where there's no private
ownership.
Socialism eliminates all private ownership in favor of collective ownership;
communism does not.
Socialism protects workers from business owners communism eradicates
private ownership.

Solution
4.7(262 votes)

Answer

Socialism allows for some private ownership and focuses on social welfare, whereas communism aims for complete communal ownership with no private property. Explanation The statements provided contain inaccuracies. Socialism advocates for collective or state ownership of the means of production but allows for some degree of private ownership, while communism seeks to eliminate all forms of private property and establish a classless society.

Explanation

The statements provided contain inaccuracies. Socialism advocates for collective or state ownership of the means of production but allows for some degree of private ownership, while communism seeks to eliminate all forms of private property and establish a classless society.
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