Mention 4 feature of socialism
Answers
Answered by
10
Socialism refers to the ownership of materials to satisfy the needs and requirements of whole society .
Features of Socialism
- Public ownership
- Central planning
- Definite objectives
- Equality of income distribution .
__________________________❤
Answered by
0
Answer:
Explanation:
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:
Similar questions