Question

6. What is meant by Socialism?
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Answer 1

Answer:

The political idea that is based on the belief that all people are equal and that money and property should be equally divided.

Answer 2

Socialism is an economic and political system. It is an economic theory of social organization. It states that the means of making, moving, and trading wealth should be owned or controlled by the workers. ... Socialists believe that everything in society is made by the cooperative efforts of the people and citizens.