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Socialism is an economic and ideological system that seeks to achieve equality between members of society.

Communism, on the other hand, would be the result of the implantation of socialist ideas, where the main objective is the search for equality between members of society. Thus, the government, which would be formed by the working class, would be the main owner and would have the decision-making power in all matters.

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Answer:

Both communism and socialism seek to establish an equal society through distribution of resources. ... Private property still exists in socialism, and citizens generally control their own labor. Communism, on the other hand, seeks the complete abolition of all private property.

Explanation:

One similarity between capitalism and socialism is that both systems consider labor and capital to be the primary economic forces. Both capitalism and socialism agree that the world is composed of a variety of natural resources that are for the most part value-neutral until human labor imparts value to them.

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