What Is The Difference Between Socialism And Communism In Simple Terms? 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. What does socialism mean in simple
What Is The Difference Between Socialism And Free Enterprise? In addition to being ethically superior to socialism, free enterprise has a record of increasing incomes and reducing poverty. The U.S. economic system today is neither free enterprise nor socialism. It is a hybrid of the two with a strong element of crony capitalism. What is
What Is The Simple Definition Of Communism? Communism is a political and economic system that seeks to create a classless society in which the major means of production, such as mines and factories, are owned and controlled by the public. Which is the best definition of communism? 1a : a system in which goods are