Question

Give any two features of socialism

Answer 1

two features of Socialism are : -

* The socialists were against private property and as it as the root of all social evils of the time.

* Socialists believed that if society as a whole rather than single individuals control property, more attention would be paid to collective social interests.

Answer 2

features of socialism

1. public ownership
a socialist economy is characterized by public on the shape of the means of production and distribution. There is a collective ownership whereby all mines, farms, factories, Financial Institutions, distributing Agencies etc are owned, controlled and regulated by government departments and state corporations. Small private sector also exist in the form of small business units which are carried On The villages by local artisans for local consumption.

2. freedom of consumption
on the socialism, consumers sovereignty implies that production in state AMD Industries is generally governed by the preferences of consumers, and the available commodities are distributed to the consumers at fixed price through the state Run department stores. Consumer Sovereignty under socialism is confined to the choice of socially useful commodities

3. Equality of Income Distribution
in a socialist economy, there is great equality of income distribution as compared with free market economy. The elimination of private ownership in the means of production, private capital accumulation and profit motive under socialism prevent the amazing of large wealth in the hands of a few rich persons. The unearned income in the form of friend, interest and profit go to the state which utilises them in providing free education, public health facilities and social security to the masses. As far as wages and salaries are concerned, the most modern socialist do not time to complete androgen equality. It is not generally understood that the maintenance of food choice of occupation employees wage differentials