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
What is the difference between them?
Main Entry: so·cial·ism
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-\
Etymology: French communisme, from commun common
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.
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