Question

Which best describes the difference between socialism and communism?

Answer 1

Answer:

Explanation:

The government controls people's lives under communism, while it provides certain services for citizens under socialism.

Answer 2

Answer:

The government controls people's lives under communism, while it provides certain services for citizens under socialism.

Explanation:

Under communism, government has complete ownerships over every resources in the country. It take away all forms of freedoms that citizens have in their involvement to the economy.

Under socialism, the government only took a role as a regulators to the market and wealth distributor. Meaning that the people still have the freedom in the economy, but the government will take high tax rate from the people. In return, the government will distribute that tax to fund social programs such as healthcare, public infrastructure, free education, etc.