Mention the feature of socialism
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Economic resources are owned by the society and are used in the public interest. Individuals in an socialist economy do not have the right to own private properties. ... The economy is managed and controlled by a 'Planning Commission', which is the central authority
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Answer:
Economic resources are owned by the society and are used in the public interest. Individuals in an socialist economy do not have the right to own private properties. ... The economy is managed and controlled by a 'Planning Commission', which is the central authority.
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