WORLD HISTORY

Detailed explanation-1: -Socialism is a political philosophy and movement encompassing a wide range of economic and social systems which are characterised by social ownership of the means of production, as opposed to private ownership.

Detailed explanation-2: -Socialists were against private property because they saw it as the root of all social ills of the time. Individuals owned the property that gave employment but the propertied were concerned only with personal gain and not with the welfare of those who made the property productive.

Detailed explanation-3: -The main difference is that under communism, most property and economic resources are owned and controlled by the state (rather than individual citizens); under socialism, all citizens share equally in economic resources as allocated by a democratically-elected government.

Detailed explanation-4: -Utopian socialism. Scientific socialism. Communism. Marxism. Anarchism.