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Under socialism all citizens share equally in economic resources as allocated by a democratically-elected. The government controls peoples lives under communism while it provides certain services for citizens under socialism. The Global Shareconomy Uncovered Infographic Infographic Social Media Infographic Business Infographic Another key difference in socialism versus communism is the means of achieving them. . Which best describes the difference between socialism and communism. The capitalist economy controls production while the socialist system emphasizes the need for private companies to provide it. E Under communism the government assumes total management of the economy whereas under socialism the government does not try to manage the overall economy. Under communism government has complete ownerships over every resources in the country. The main difference between capitalism and Socialism is the extent of government...

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