Respuesta :
Communist nations have a command economy. When a command economy allows private enterprise, this is Socialism. When everything is controlled by the government, this is communism.
In a communist country:
- All resources are controlled by the government
- The government decides what should be produced and is the only supplier of goods and services
Such an economy is known as a command economy but when a communist country still allows some form of private enterprise like China does, this is called Socialism which is a less restrictive form of communism.
In conclusion, socialism allows for some private ownership but communism leads to a command economy.
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