Question

Definition Socialism economic system

definition of socialism economic system ​

Answer 1

Socialist economics comprises the economic theories, practices and norms of hypothetical and existing socialist economic systems.

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Answer 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:

I am ten don't know much about this bit hope it helps