Question

defenition of socialism​

Answer 1

Answer:

Socialism is an economic and political system where the community or state owns the general means of production (i. e. farms, factories, tools, and raw materials.) This is different from capitalism, where the means of production are privately owned.

Explanation:

hope it's helpful

Answer 2

Answer:

A political and economic theory of social organization which advocated that the means of production distribution and exchange should be owned or regulated by the community as a whole