Explain the ideas of socialism.
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Socialism is an economic and political system. It is an economic theory of social organization. It believes that the means of making, moving, and trading wealth should be owned or controlled by the workers. This means the money made belongs to the people who make the things, instead of a group of private owners.
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Socialism is a form of government in which most forms of property, including at least the major means of production and natural resources, are owned or controlled by the state . The aim of public ownership is to ensure that production is responsive to the needs and desires of the general population and that goods and services are distributed equitably.
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