Question

Mention 5 feature of socialism?

Answer 1

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Features of socialism are:

1. It is against private property that is considered root cause of all social evils.

2. it purposes the idea that the production should be under control of the government.

3. It encourages co-operatives among workers.

4. It tries to replace the capitalists.

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Answer 2

Answer:

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:

Explanation:

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