Question

1. Explain the Marxist ideas of socialism in five points​

Answer 1

Answer:

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Explanation:

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Answer 2

Answer:

The Marxist definition of socialism is that of an economic transition. In this transition, the sole criterion for production is use-value (i.e. direct satisfaction of human needs, or economic demands), therefore the law of value no longer directs economic activity.

Explanation:

Main Features of Socialist Economy:

The main features of socialist economy are as follows:

(i) Collective Ownership:

(ii) Economic, Social and Political Equality:

(iii) Economic Planning:

(iv) No Competition:

(v) Positive Role of Government:

(vi) Work and Wages According to Ability and Needs:

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