USA HISTORY

Detailed explanation-1: -In communism, all property is owned by the community, while in socialism, the private property still exists. In a communist society, there is no central government, while in a socialist society, the central government owns the means of production.

Detailed explanation-2: -Communist philosophy argues against private property and supports collective ownership. This philosophy applies specifically to intellectual property and software. The common view is that no person should on their own or control any property, whether electronic, merely an idea, or otherwise.

Detailed explanation-3: -Under communism, there is no such thing as private property. All property is communally owned, and each person receives a portion based on what they need.

Detailed explanation-4: -Communism is an economic system where the group owns the factors of production. The factors of production are labor, entrepreneurship, capital, and land. 1 Although the government doesn’t legally own the labor force, the central planners tell the people where they should work.