explain the main ideas of socialism
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Socialism is an economic and political system. It is an economic theory of social organization. It states 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 workers who make the products, instead of groups of private owners.
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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 democratic control or workers' self-management of enterprises. ... Social ownership can be public, collective, cooperative, or of equity.
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