give five features of socialism.
Answers
1. It is against private property that is considered root cause of all social evils.
2. it purposes the idea that the production should be under control of the government.
3. It encourages co-operatives among workers.
4. It tries to replace the capitalists.
5. Collective Ownership in socialism, all means of production are owned by the community.
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first of all, what's socialism?
socialism is an economic system where all the means of production are controlled by the society(government) not by any group of private owners. people who agreed to socialism are called socialists. and socialists are against any private property.
features of socialism are as follows :-
⏺ socialists were against private property. under socialism, all means of production are under the control of community and government.
⏹according to them, private property is the main cause of all social evils.
⏺ there is no discrimination between rich and poor under socialism. everyone is treated equally.
⏹since there's no discrimination. people are given jobs according to their abilities and wages according to their skills under socialism.
⏺socialism also provide security and services like health insurance etc to all people. main motive of a socialist society is social welfare.