IDENTIFY THIS THOERY-
--"IT IS AN ECONOMIC SYSTEM
CHARACTERISED BY SOCIAL
OWNERSHIP OF THE MEANS
OF PRODUCTION. *
O LIBERALISM
O MARXISM
O SOCIALISM
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Socialism is a political, social and economic philosophy encompassing a range of economic and social systems characterised by social ownership of the means of production and workers' self-management of enterprises. ... Socialist systems are divided into non-market and market forms.
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