Question

mention five features of socialism​

Answer 1

Answer:

(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

Answer:

1. Public Ownership.
2. Central Planning
3. Definite Objectives.
4. Freedom of Consumption.
5. Equality of Income Distribution.
6. Planning and the Pricing Process.
7. Greater Economic Efficiency.

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