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  2. www.thoughtco.com › difference-between-communismDifferences Between Communism and Socialism - ThoughtCo

    May 5, 2024 · The main difference is that under communism, most property and economic resources are owned and controlled by the state (rather than individual citizens); under socialism, all citizens share equally in economic resources as allocated by a democratically-elected government. This difference and others are outlined in the table below. Key Similarities

    • Robert Longley

  3. www.investopedia.com › ask › answersCommunism vs. Socialism: What's the Difference? - Investopedia

    Apr 11, 2024 · Communism and socialism are political and economic systems that are related but often confused with each other. Both reject capitalism in favor of wealth equality, public control of the means...

    • Greg Daugherty

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  5. www.history.com › news › socialism-communism-differencesHow Are Socialism and Communism Different? | HISTORY

    Oct 22, 2019 · Both socialism and communism are essentially economic philosophies advocating public rather than private ownership, especially of the means of production, distribution and exchange of goods...

    • Sarah Pruitt

  6. www.britannica.com › question › How-is-communismHow is communism different from socialism? | Britannica

    Exactly how communism differs from socialism has long been a matter of debate. Karl Marx used the terms interchangeably. For many, however, the difference can be seen in the two phases of communism as outlined by Marx.

  7. www.diffen.com › difference › Communism_vs_SocialismCommunism vs Socialism - Difference and Comparison | Diffen

    Socialism is sometimes used interchangeably with communism but the two philosophies have some stark differences. Most notably, while communism is a political system, socialism is primarily an economic system that can exist in various forms under a wide range of political systems.

  8. www.economicsonline.co.uk › definitions › socialismSocialism vs. Communism - Definitions, Differences and Overview

    Sep 19, 2022 · Socialism and Communism both aim to create a more equal society. The biggest difference is that socialism is compatible with democracy, while communism depends on an authoritarian state.

  9. people.howstuffworks.com › socialism-vs-communismWhat's the Difference Between Socialism and Communism?

    Oct 20, 2021 · To understand the differences between socialism and communism, we have to start with their common enemy: capitalism. Contents. Capitalism and the Class Struggle. The Rise of Socialism. Communism as 'Revolutionary Socialism' From Marxism to Leninism. Socialist and Communist Countries Today. Capitalism and the Class Struggle.