For the removal of class privilege and maintaining social equality, socialism and communism are the two opposite ends of the see-saw. There is a thin line between both of them, socialism is related to liberty and democracy, and on the other hand, communism is for maintaining social equality with the help of an authoritarian state. If we talk about socialism, that means there is equal participation in the democracy, and it will include both the public and private sector enterprises.
Communism is an ideology for economics and politics. It involves the scarification of the liberty of individuals and aims at state control for the economy. Let's give a more precise definition for providing a better explanation of socialism and communism:
What Is The Difference Between Socialism And Communism
In a layman language, in socialism, there is equality among all the citizens for all the economic resources which are given to them by the government elected through democracy.
In communism, there is no right with the individual; the state government owns all the resources and property.
Have a look at the below table for your case study help to know the differences in a more presentable way.
Ownership
Socialism: The production capacity and the industrial property are owned by the government, elected by people only. However, individual property is owned by people only.
Communism: All the property is owned and controlled by the government, and there is no asset or property with the individuals.
Religion
Socialism: Freedom is allowed
Communism: There is an abolishment in terms of religious freedom.
The Distinction of Class
Socialism: Different classes exist; however, there are high chances of some groups of people earning more than others.
Communism: There is the abolishment of classes. There is no existence of some workers earning more than others.
The Distribution of Economic Resources
Socialism: The distribution of the production is done according to the needs and wants of each individual.
Communism: The distribution of people meets the basic needs of people.
What Are The Fundamental Similarities Between The Both?
In both concepts, the central government is responsible for the distribution of the production of goods and services. It must be noted that the main similarity is that both the concepts are the root cause of the exploitation of the workers at the time of the Industrialization revolution.
Some Related Terms To Socialism
As far as now, you must have understood well "what is socialism," however it is a broader concept there are a lot of related terms that confuse many educators.
As you are now familiar with the ideology of socialism, you must be thinking about the socialist meaning.
Socialists are the person who follows the various philosophies of society and economy not only do they follow, but they give their full support too. We often combine socialist with politics, and it's challenging to know the exact meaning. However, educators can take The Student Helpline's expert guidance to expand their knowledge.
Are you getting confused with all these terms? Relax down; The Student Helpline has your back. You can dig deep into different ideologies with the help of the best experts.
Happy learning!
"Socialism is related to liberty and democracy, while communism is for maintaining social equality with the help of an authoritarian state."
