features of socialism
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Main Features of socialism
(i) Collective Ownership:(ii) Economic, Social and Political Equality:(iii) Economic Planning:(iv) No Competition:(v) Positive Role of Government:(vi) Work and Wages According to Ability
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Main Features of Socialist Economy:The main features of socialist economy are as follows:(i) Collective Ownership:(ii) Economic, Social and Political Equality:(iii) Economic Planning:(iv) No Competition:(v) Positive Role of Government:(vi) Work and Wages According to Ability and Needs:
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