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So, the premise of Socialism is: government makes many economic decisions
to achieve equality, government owns and control basic resources, limited
private property
2. Communism
• The term "communism" was first coined and defined in its
modern definition by the French philosopher and
writer Victor d’Hupay. In his 1777 book Projet de
Communaute Philosophe.
Commune: Share all economic and material, so that alI may
benefit.