PREFACE TO SOCIALISM:
Socialism is deduced from the Latin word SOCIARE which means to partake. It's a social association that approbates that manufacturing dispersion and interchange should be regulated by the community as a whole. It promotes equivalency. the main purpose of socialism is that there's no demarcation between the people of any estate or religion there is not any capitalism, the sovereign and the people of the state have the same position there is not any low Community class or elite class. it follows social power and opposes private cooperation.
Nuance between Socialism and Communism:
Socialism and communism are both same effects except the major difference that socialism addresses about power distribution to individual citizens and in communism property and profitable coffers are possessed by State, and a price is given to the person as per his requirements. It isn't class less but classes also exist here but there