as economic theories, socialism and communism sought to\no encourage private ownership of businesses.\no…
as economic theories, socialism and communism sought to\no encourage private ownership of businesses.\no even out inequalities of wealth.\no encourage little government oversight.\no build housing and schools for workers.
Answer
Brief Explanations:
Socialism and communism aim to reduce economic disparities by distributing wealth more evenly. They oppose extreme inequality. Private - ownership emphasis is more of a capitalist trait, and they generally advocate for more government involvement in the economy rather than less. Building housing and schools is a part of social welfare but not the core economic aim.
Answer:
even out inequalities of wealth.