Define socialism and mention some of its features.
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1: socialism is a collective ownership of resources. 2: it is fully planned economy. 3: it is responsibility of the central planning authority. 4: it has defnite aims and objectives. 5: central control and ownership
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Explanation:
Socialism is a body of ideas to restructure society on equal status.
some of its features are:
1. Public Ownership
2. Central Planning
3. Definite Objectives
4. Freedom of Consumption.
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