Question

Explain the concept of socialism

Answer 1

Any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods. 2a : a system of society or group living in which there is no private property.

Answer 2

Socialism

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

2. A system of society or group living in which there is no private property.

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