Socialism vs Communism

Socialism

Communism

  • Socialism encompasses a broader spectrum of political beliefs but shares communism's emphasis on a fair (if not necessarily equal) distribution of wealth among citizens, as well as public ownership of the means of production (though not necessarily all of them).
  • In that sense, socialist programs and policies can exist alongside capitalism in a society, which is less likely in a true communist system.
  • Communism is a philosophy based on the equitable distribution of wealth among a nation's citizens and common ownership of all property.
  • In particular, it called for the control of the means of production, ....
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History of India and The World