The external economic performances using trade, reserves, foreign aid, and foreign direct investment data, reflect the changing competitiveness among world economies. These statistical trends do generate ample discussion on the differences and implications between socialism and capitalism. Sep 17, 2020 · Difference Between Communism, Socialism, Capitalism, and Fascism . Communism is most similar to socialism. In both, the people own the factors of production. The most significant difference is that output is distributed according to need in communism, and according to ability under socialism. Communism, Socialism and Capitalism Conference is for the researchers, scientists, scholars, engineers, academic, scientific and university practitioners to present research activities that might want to attend events, meetings, seminars, congresses, workshops, summit, and symposiums.