Question

List the basic features of socialism.

Answer 1

Main Features of Socialist Economy:
The main features of socialist economy are as follows:
(i) Collective Ownership:
(ii) Economic, Social and Political Equality:
(iii) Economic Planning:
(iv) No Competition:
(v) Positive Role of Government:
(vi) Work and Wages According to Ability and Needs:

Answer 2

The main features of socialist economy are as follows:
(i) Collective Ownership:
(ii) Economic, Social and Political Equality:
(iii) Economic Planning:
(iv) No Competition:
(v) Positive Role of Government:
(vi) Work and Wages According to Ability and Needs



Hope this one will help uhh:-)