Part One
Socialism refers to the ownership of general property by the people or the state and has at times been related to the rights of a government in power over the revenue of production and manufacture (Butgereit and Carden, 2011, p.41). It is important to note that this form of property ownership will be at the hands of the people but controlled by the government voted into office at a stipulated time. Communism on the other hand has been defined as the ownership of property by a given community with each person having equal rights over the same. In other words, communism ...
