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Question
as economic theories, socialism and communism sought to
○ encourage private ownership of businesses.
○ even out inequalities of wealth.
○ encourage little government oversight.
○ build housing and schools for workers.
Socialism and communism are economic theories focused on addressing wealth inequality inherent in capitalist systems. They advocate for collective or state control of resources to distribute wealth more evenly, rather than supporting private business ownership, limited government oversight, or narrow worker-focused infrastructure as their core goal.
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even out inequalities of wealth.