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What is the difference between socialism and communism?
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The main difference between socialism and communism is that socialism is a socio-economic system where the means of production and distribution are owned by the community, while communism is an ideology that seeks a classless society where all property and wealth are owned by the collective and all people have equal shares in the resources of the society. Socialism is typically seen as a precursor to communism and emphasizes worker ownership, community cooperation, and collective decision-making. Communism, however, seeks to abolish any class distinctions and seeks to develop a society where all people are economically and socially equal and no private property exists.