Question

is Merits of hea althy body and demerits of
unhealthy body​

Answer 1

Socialism is a social and economic system in which the means of production are collectively owned and equality is given a high priority. There are various forms of socialism, but all share a belief in the necessity for collective intervention in economic affairs. Socialism as an economic system has been interpreted in different ways by the different writers.

Broadly speaking, socialism is a pattern of economic system and organisa­tion in which some important characteristics are found:

(a) State ownership of means of production such as land, mineral resources, capital, etc. and consequent cessation of property as a source of individual income,

(b) Socialisation of the different sectors of the economy such as agriculture, industry, trade, commerce, banking, insurance, etc.,

(c) Determination of production by the central planning authority (e.g., the Planning Commis­sion of India) and distribution of goods and services by the society, i.e., by the government or by its agencies,