In fact, they believe in the phenomenon of concentration on small groups of people. Communists, on the contrary, do not believe in the involvement of as many people as possible in the set up to bring about economic control. Socialists believe that economic control can be brought about by the involvement of as many people as possible in the setup. One of the main differences between socialism and communism is their method of economic control. Socialism believes in bringing about a classless society using capitalism and private ownership too. Socialism believes in the distribution of goods to people based on hard work. Socialism believes in the management of the economy using planned social control. Although both communism and socialism are conceptual towards economic growth, Socialism aims at collective social control. Socialism is an ideological stance in which the resources, industries and transportation should be owned and controlled by the state. Communism believes in bringing about classless society by putting an end to capitalism and private ownership, but Socialism does not. Communism believes in the distribution of goods and services based on the needs of the people.Īlthough both socialism and communism aim at bring about classless society, their methods of approach are different. Communism just as Socialism believes in the management of economy not using planned social control but using the involvement of centralized organizations to bring about statelessness. Hence, one can claim that communism aims at classlessness. What is Communism?Ĭommunism is an ideological stance in which the property is owned by the community. Through this article let us examine the differences between these two ideological stances in depth. Socialism has a lot to do with the economic system whereas communism has a lot to do with the political system. One of the basic differences between socialism and communism is regarding their nature. It is interesting to know that both socialism and communism are collections of ideological principles. It is true that Communism and Socialism have similarities and differences as well between them.
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