Question

How did capitalism emerged in Europe

Answer 1

The ideology of socialism emerged as reaction to Capitalism and argued for state control over economy, over means of production in order to create an egalitarian society. Socialists identified existence of private property as the basis for all evils in the society. They argued that the must own the property and must work for the welfare of the entire society.An ideology of Socialism was driven by the motive of bringing about social welfare through social ownership.

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