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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 under socialism, the means of production and distribution are largely owned by private individuals, while under communism, the entire means of production and distribution is owned and controlled by the state. Communism also favors a classless society, while socialism is more progressive in terms of allowing different classes to exist. Communism focuses on creating a more egalitarian society where everyone has equal resources and power, while socialism is less rigid and allows for a more varied system of ownership.