Similarities of Socialism and communism
1.Both tend to prevent the effects of capitalism.
2. Both assume that all goods and services will be produced by government-contained institutions or collective organizations rather than privately-owned businesses.
3. Both believe that the government (or some form of it) plays a large role in economic investment and planning.
4. Each is built on the premise that individuals will contribute to society based on their own ability.
5. Both ideologies promote equality.