Difference between communism and socialism – InterviewSolution

InterviewSolution

1.	Difference between communism and socialism
Answer» Key Differences Between Communism and SocialismUnder communism, there is no such thing as private property. ... By CONTRAST, under socialism, individuals can still own property. But industrial production, or the CHIEF means of generating wealth, is COMMUNALLY owned and managed by a democratically elected GOVERNMENT.

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