W6.1 April 8(Mon) 왕서동WANGRUITONG

 Summary:

Economy refers to the way in which people utilize environmental resources to meet their material needs and reflects the economic system of a country or other region. It includes the processes of production, exchange, distribution and consumption of goods and services. The state of an economy is the result of a combination of factors, including technological development, historical background, social organization, geographic location, natural resources, and ecological environment. Together, these factors constitute the context and conditions in which the economy operates and have an impact on economic development. In short, the economy is a multidimensional and complex system that is jointly influenced by a variety of internal and external factors.

What I Learned

In economics, capitalism and socialism are two very different economic systems. Although they appear on the surface to be just two different political and economic systems, their nature, the way they operate, and their impact on society and the economy are very different.

Question

What is the difference between socialism and communism? Is there a difference?

Socialism and communism are two different social stages, with obvious differences in their theoretical foundations, methods of class struggle, attribution of the means of production and distribution systems.

First, in terms of theoretical foundations, the basic theory of socialism is Marxism, which focuses on the development of productive forces and changes in the relations of production, and ultimately achieves the social goal of "common prosperity" through the socialization of the means of production and an equal distribution system. Communism, on the other hand, is the advanced stage of socialism, and its basic theory is the Marxist doctrine of communism, which emphasizes the elimination of classes and the system of exploitation, the establishment of a classless society, and the realization of freedom, equality and common prosperity for all human beings.

Secondly, with regard to the attribution of the means of production, socialism advocates the socialization of the means of production, but not all the means of production must be attributed to the state. Communism, on the other hand, advocates that all the means of production should be publicly owned by society, that a planned economy should be implemented, and that the products of labor should be uniformly distributed by society.

Finally, in terms of the distribution system, socialism advocates distribution according to work, i.e., distribution of material wealth according to the quantity and quality of one's labor to achieve fairness in income distribution. Communism, on the other hand, advocates distribution according to need, i.e., distributing wealth according to each individual's needs and realizing equality in income distribution