We perform a detailed analysis of the next-to-minimal supersymmetric standard model (NMSSM), imposing the constraints of two-loop gauge coupling unification, universal soft supersymmetry breaking and the correct pattern of electroweak symmetry breaking. We compare our results with those for the minimal supersymmetric standard model (MSSM) using closely related techniques and, as far as possible, a common set of input and output variables. In general, in the constrained NMSSM, there are much stronger correlations between parameters than in the constrained MSSM, and we map out the allowed parameter space. We also give a detailed discussion of how to resolve the two models experimentally, concentrating primarily on the prospects at LEPII.

76 pages, latex, no macros, uuencoded figures included separately. This version (to appear in Phys. Rev. D) contains various minor changes