Question

explain the concept of socialism​

Answer 1

ANSWER...

Socialism is a range of economic and social systems based on public ownership of the means of production and workers' self-management, and where the ways of making a living (factories, offices, etc.) are owned by the workers who run them and the people who depend on them.

Answer 2

$\large{\boxed{\mathcal{ANSWER\:!!}}}$

In Socialism all property rights are given to the government .i.e., CHINA.

Basic idea is equal Distribution to resources for everyone.

__________________________________