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: -In a true communist economy, the community makes decisions. In most communist countries, the government makes those decisions on their behalf. This system is called a command economy. The leaders create a plan that outlines their choices, and it’s executed with laws, regulations, and directives.

Detailed explanation-3: -There is no government or private property or currency, and the wealth is divided among citizens equally or according to individual need. Many of communism’s tenets derive from the works of German revolutionary Karl Marx, who (with Friedrich Engels) wrote The Communist Manifesto (1848).