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We use the terms socialism and communism to describe the Soviet Union's approach to its economy. Many people mistakenly use the two interchangeably. Watch this video for a general explanation of the key differences between these two ideologies.
Source: Xidnaf, https://www.youtube.com/watch?v=U-1k_MDB4J8 This work is licensed under a Creative Commons Attribution 3.0 License.
Last modified: Friday, 12 July 2024, 1:00 PM