Which of the following is a difference between communism and socialism? 1 point Under socialism, the government owns some firms, but under communism, the
government does not own any major assets.
Under communism, the government assumes total management of the economy,
O whereas under socialism, the government does not try to manage the overall
economy, only some parts.
Under socialism, the economy operates mainly through private transactions, but under
communism, the government owns a number of major industries and tries to provide
for people's basic economic needs.
Under communism, the government manages the economy completely but does not
attempt to provide for people's basic needs; under socialism, the government does
not manage the economy completely, but does attempt to provide for people's basic
needs.
0 Option 5