Economy, asked by samidhajoshi78, 7 months ago

Feature of socialism

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Answered by deb1798
0

Answer:

A socialist economy is characterised by public ownership of the means of production and distribution. There is collective ownership whereby all mines, farms, factories, financial institutions, distributing agencies (internal and external trade, shops, stores, etc.), means of transport and communications, etc.

Answered by ravalika31
4

Answer:

A socialist economy is characterized by public ownership of the means of production and distribution.

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