explain the concept socialism list down its important feature
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Hello bro,
Explanation:
Socialism is a political, social and economic philosophy encompassing a range of economic and social systems characterised by social ownership of the means of production and workers' self-management of enterprises. ... Socialist systems are divided into non-market and market forms.
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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, & gears production towards needs satisfaction rather than profit accumulation.
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