Multiple choice

What is the difference between socialism and communism?

  1. S: production is owned by the state; C: everything is owned by the state

  2. S: individuals own the state; C: the state owns the people

  3. No difference they are two terms for the exact same concept.

  4. Both are destructive, since they never work properly.
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A Correct answer
Explanation

Socialism is often described as a transitional stage where the state controls key means of production, whereas communism is the theoretical end goal where the state, money, and classes are abolished.

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