Question

Explain the term Socialistic

Answer 1

Answer:

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.

Answer 2

Answer:

Your anwser—

Explanation:

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

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

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