Socialism and communism are alike in that both are systems of production for use based on public ownership of the means of production and centralized planning. Socialism grows directly out of capitalism; it is the first form of the new society. Communism is a further development or "higher stage" of socialism like communism, calls for putting the major means of production in the hands of the people, either directly or through the government. Socialists differ from communists in that they do not believe that the workers will overthrow capitalists suddenly and violently.
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B. C. means Before Christ.
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<h2>Competition and consumer sovereignty</h2>
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