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State ControlPlay
Socialism emphasizes the role of the government in managing production and distribution. SlideUnder socialism, the government might run the railroads and hospitals.
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Not CommunismPlay
While similar, socialism and communism are not the same; socialism allows for some private ownership. SlideSocialism allowed small businesses, unlike communism.
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Mixed EconomiesPlay
Many countries use elements of socialism within a capitalist framework, creating a mixed economy. SlideCanada's healthcare system is an example of socialism in a capitalist society.