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Socialism vs. Communism. What is the difference between them?. Socialism vs. Communism. Socialism. Communism. Main Entry: so·cial·ism Pronunciation: \ sō-shə-li-zəm \ Function: noun Date: 1837

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Socialism vs. Communism

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Socialism vs. Communism

What is the difference between them?


Socialism vs. Communism

Socialism

Communism

Main Entry: so·cial·ism

Pronunciation: \sō-shə-li-zəm\

Function: noun

Date: 1837

1: any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods

Main Entry: com·mu·nism

Pronunciation: \käm-yə-ni-zəm, -yü-\

Function: noun

Etymology: French communisme, from commun common

Date: 1840

1 a: a theory advocating elimination of private property b: a system in which goods are owned in common and are available to all as needed.


Socialism vs. Communism

Socialism

Communism

  • Tend to prevent capitalism.

Economic System

Hard-work

A lot of people to influence the economy

Large amount of people and large countries.

Both Economic and Political systems.

Distribution of goods based on the individuals’ needs

Small amount of people


Current Communist Countries


Current Socialist Countries


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