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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 as economic theories center on addressing wealth inequality stemming from capitalist systems. They advocate for collective or state control of resources to distribute wealth more equitably, rather than supporting private business ownership, limited government oversight, or direct worker housing/school building as their core goal.
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even out inequalities of wealth.