What is the main difference between communism and socialism?

Answer 1

Socialism allows some privitized businesses, while communism everything is owned by the government.

Socialism- advocates communal ownership of industry, it does so in two ways: either in the form of state ownership or else in the form of ownership by the workers themselves.
Communism- allows for only one form of the communal endeavor: state ownership through a small group of political elite. Communism also goes one step further than socialism in that the Communist state not only controls the economy, but all areas of society.
Defenitions:Communism-Governme... control of the means of production and complete control of the economy.
Socialism: Braod role for government in the nations economy, including government ownership of basic industries.
One of the main differences between communism and socialism is that in a communist state the government seeks to control all of the wealth and in a socialist state the government seeks to redistribute the wealth a little more. Examples of a socialism in the U. S. are welfare and social security.

Answer 2

Socialism- advocates communal ownership of industry, it does so in two ways: either in the form of state ownership or else in the form of ownership by the workers themselves.
Communism- allows for only one form of the communal endeavor: state ownership through a small group of political elite. Communism also goes one step further than socialism in that the Communist state not only controls the economy, but all areas of society.
Defenitions:Communism-Government control of the means of production and complete control of the economy.
Socialism: Braod role for government in the nations economy, including government ownership of basic industries.
One of the main differences between communism and socialism is that in a communist state the government seeks to control all of the wealth and in a socialist state the government seeks to redistribute the wealth a little more. Examples of a socialism in the U. S. are welfare and social security.