Communism Vs Socialism

There is basic difference between Socialism and Communism, though they both believe in the social/national ownership over all the resources.

Socialism aims distribution of resources as per the efforts and kind of efforts one makes. Since the doctors and Engineers are lesser in the society, demand for them is higher and supply is shorter, they will earn higher in socialist economy. If someone does not work he won't get anything in socialist economy. Socialist government does planning for the society as a whole, the planning of economy is done accordingly.

Communism aims the distribution of the resources as per the need of the individuals in the society. So in communism, the needs of the individuals are predefined and government tries distribute the resources through the means of very strict planning. Hence it becomes oppressive for the highly skilled and enterprising people in the economy where monetory incentive for efforts taken are meagre.


Some people does not agree with socialism to start with. To transform from feudal economy where the resources are concentrated with select few to a modern economy, if we start with socialism it gives undue advantage for the richer class and middle class who has already aquired knowledge and monetory resources.