give 5 points of socialist
Answers
1.Socialism is an economic system where the ways of making money (factories, offices, etc.) are owned by a society as a whole, meaning the value made belongs to everyone in that society, instead of a group of private owners. People who agree with this type of system are called socialists.
2.There are two ways socialists think that society can own the means of making wealth: either the state (government of the country) is used or worker-owned cooperatives are used.
3.Another important belief is that management and sharing are supposed to be based on public interests. Socialists believe that everything in society is made by the cooperative efforts of the people.
4.There are many kinds of socialism, so not one definition can apply to all of them; however, in all types, the workers supposedly own the means of production.
5. However, in many of the societies of Western Europe which have adopted progress toward democratic Socialism, productivity, standards of living, incentives, and markers of personal happiness and security are very high.
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