Social Sciences, asked by HariniBalaji, 7 months ago

define socialist in short​

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Answered by poddarkushaagra22000
0

Answer:

any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods

Answered by saadhanaaprabhu
2

Answer:

Socialism is a populist economic and political system based on public ownership (also known as collective or common ownership) of the means of production. ... Socialists contend that shared ownership of resources and central planning provide a more equal distribution of goods and services and a more equitable society

Explanation:

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