A major similarity between socialism and communism is both economic models

o accept the value of laissez-faire economics

o emphasize a minimal role of the government in the econom

strive for equality in society

emphasize the importance of free enterprise and the desire for profits

Strive for equality in the society

Explanation:

Socialism refers to an economic model in which the production and distribution of goods and services is a shared responsibility of a group of people.

Communism is an economic system that seeks to create a classless society. It means that the major means of production, such as industries are owned and controlled by the public.

The key feature that ties both economic systems together is the fact that both of them try to eliminate societal classes, and create equality amongst all members of the society. They use the methods of "collective ownership" to achieve this.