IGNOU MGP 4 2017 2018 - Meaning of Socialism and Communism

Question

Meaning of Socialism and Communism

29 Aug 2017

Answer :

Word Count : 259

Communism and socialism are economic and political structures that promote equality and seek to eliminate social classes. The two are interchangeable in some ways, but different in others.

In a communist society, the working class owns everything, and everyone works toward the same communal goal. There are no wealthy or poor people -- all are equal, and the community distributes what it produces based only on need. Nothing is obtained by working more than what is required.

Communism frequently results in low production, mass poverty and limited advancement. Poverty spread so widely in the Soviet Union in the

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