Social Sciences, asked by pragnaaggani, 9 months ago

Describe the impact of socialist ideas on other parts of the world with a special mention to India too

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Answered by pavankumarpc

Socialism is both an economic system and an ideology (in the non-pejorative sense of that term). A socialist economy features social rather than private ownership of the means of production. It also typically organizes economic activity through planning rather than market forces, and gears production towards needs satisfaction rather than profit accumulation.

Answered by Unknown5171

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