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Thomas L


Date added:

June 22, 2014








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2 / 465


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Thus, all resources of producing and distributing goods are owned by a centralised government that controls the economy. They make decisions of what and how much should be produced annually, what the prices should be and how much workers are to be paid. The main aim of both systems is to create an equal society, where all power and wealth are shared equally among everyone...
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Though, communism and socialism have similarities, they also have differences, since, they are not the same. The terms socialism and communism once had equivalent meaning. Communism is a form of socialism, but is more of an extreme form. Socialism is democratic; everybody has the right to contribute to social choices on how resources and wealth should be used...
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