Here’s how to classify the characteristics of socialism and communism:
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higher taxes to provide social services
Characteristics of Socialism -
government controls all factors of production
Characteristics of Communism -
goods distributed based on need
Characteristics of Communism -
government controls larger factors of production
Characteristics of Socialism -
redistribution of income to create equality
Characteristics of Socialism
Please let me know if you would like to discuss further nuances or any additional characteristics!