Question

Whats a simple explanation for Communism and Socialism?

Answer 1

Communism and Socialism are two different types of economic systems. Communism is an economic system where the government owns all the resources and production, and everyone is given an equal share of the resources. Socialism is an economic system where the government owns some of the resources and production, and the people are allowed to own some of the resources and production. Both systems are based on the idea of shared ownership and the belief that everyone should have access to the same resources.