Question

mention some features of socialism

Answer 1

Hey There! 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 Need

It destroys the concept of rights by invalidating their base in human life. Under socialism, control of property is put into the hands of society as a whole. The first effect of this is that people cannot be independent. They cannot live on their own efforts, because there goods will be stolen.

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Answer 2

Answer:

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