Both socialism and communism favor

Both socialism and communism favor is described below in details.

Explanation:

Both socialism and communism are basically economic theories promoting public rather than individual possession, particularly of the means of production, circulation, and transaction of goods (i.e., gaining money) in a civilization. Both endeavor to fix the obstacles they see as produced by a free-market capitalist arrangement, including the exploitation of operators and a widening distance between rich and poor.

industry had made the u.s. the richest nation in the world at this time. the second industrial revolution caused growth in industry and transportation, which allowed increased trade between nations. click to let others know, how is it