what is a difference between socialism and communism weegy
What is the Difference Between Communism and Socialism ? Definitions of Communism and Socialism: Communism: Communism is an ideological stance in which the property is owned by the community. Socialism: Socialism is an ideological stance in which the resources, industries and transportation should be owned and controlled by the state. Characteristics of Communism and Socialism: Focus:
Communism vs Socialism. It is true that Communism and Socialism have similarities and differences as well between them. It is interesting to know that both socialism and communism are collections of ideological principles. One of the basic differences between socialism and communism is regarding their nature. Socialism has a lot to do with the economic system whereas communism has a lot to do with the political system. Through this article let us examine the differences between these two ideological stances in depth.