Question

Define socialism?

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Answer 1

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• 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

Answer:

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

2.policy or practice based on the political and economic theory of socialism.

3.(in Marxist theory) a transitional social state between the overthrow of capitalism and the realization of Communism.

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