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What is the difference between communism and socialism quizlet?

Under communism, the government assumes total management of the economy, whereas under socialism, the government does not try to manage the overall economy.

What is a major difference between socialism and communism?

Communist Revolutions One key difference between socialism and communism is the way in which each of these economic philosophies might be realized in a society. Communism would result from a violent overthrow of the status quo, while socialism would result from a gradual internal change.

What is socialism and communism quizlet?

socialist - economic system. communist - economic and political system. socialist - Resources controlled by people through communes or freely elected representatives. communist - Control of resources rests in hands of few or single authoritarian party.

What is the difference between socialism and capitalism quizlet?

Capitalism is a system in which goods are made by private businesses, but socialism stresses government control over production. Capitalism is a system in which the government controls production, but socialism stresses production by private businesses.