Contrast How do socialism and communism

differ?

Capitalism is a market driven economy. The state does not intervene in the economy leaving it up to market forces to shape society and life. Socialism is characterized by state ownership of businesses and services.

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.

Socialist Economic system that seeks to achieve equality among members of society, maintaining production goods as collective goods.

Communist Economic and political system that defends a classless society. In it, the means of production and other goods belong to the government and production is divided equally among all.