Communism was an economic-political philosophy founded by Karl Marx and Friedrich Engels in the second half of the 19 th century. Marx and Engels met in 1844, and discovered that they had similar principles. 
Bourgeoisie. the ruling group that is in charge of managing the businesses, changing production methods, trying to make sure that production of goods meets the demands of the goods being produced, created a centralized government.   . One difference between socialism and communism is that socialism is mainly an economic system, while communism is both an economic and a political system. As an economic system, socialism seeks to manage the economy through deliberate and collective social control. 1. Socialism is an economic system while communism is both an economic and political system. 2. In socialism, the resources of the economy are managed and controlled by the people themselves through communes or councils while in communism, management and control rest on a few people in a single authoritarian party. Communism was an economic-political philosophy founded by Karl Marx and Friedrich Engels in the second half of the 19 th century. Marx and Engels met in 1844, and discovered that they had similar principles. In 1848 they wrote and published The Communist Manifesto.. Marx thought that the economic system of communism would replace capitalism. Communism is based on principles meant to correct the problems caused by capitalism. The most important principle of communism is that no private ownership of property should be allowed. Though the term communism can refer to specific political parties, at its core, communism is an ideology of economic equality through the elimination of private property. The beliefs of communism, most famously expressed by Karl Marx, center on the idea that inequality and suffering result from capitalism. Foundation, Goals, and Priorities. Communism was an economic-political philosophy founded by Karl Marx and Friedrich Engels in the second half of the 19 th century. Marx and Engels met in 1844, and discovered that they had similar principles. In 1848 they wrote and published The Communist Manifesto.. Socialism is commonly regarded as an economic system that seeks to achieve equality among members of society. Communism, on the other hand, is both an economic system that seeks equality among members of society and a political ideology that advocates a classless and stateless society and rejects religion.
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