In both the socialist and communist systems the goverwill have a large influence on the economy?

In both socialist and communist systems, the government plays a central role in managing the economy, often directing resources and production to align with collective goals rather than individual profit. In socialism, the state may control key industries while allowing for some private enterprise, whereas communism seeks to eliminate all private ownership, aiming for a classless society where all property is communally owned. This significant governmental influence is intended to promote equality and social welfare, but it can also lead to inefficiencies and reduced incentives for innovation. Ultimately, both systems prioritize collective needs over individual economic freedoms.