Question

mention the features of socialism​

Answer 1

Explanation:

Features of Socialism:

(1) Public Ownership: ...

(2) Central Planning: ...

(3) Definite Objectives: ...

(4) Freedom of Consumption: ...

(5) Equality of Income Distribution: ...

(6) Planning and the Pricing Process: ...

(1) Greater Economic Efficiency: ...

(2) Greater Welfare due to Less Inequality of Income:

Answer 2

The main features of socialism :

→ Collective Ownership.

→ Economic, Social and Political Equality.

→ Economic Planning.

→ No Competition.

→ Public Ownership.

→ Central Planning.

→ Definite Objectives.

→ Freedom of Consumption.

→ Equality of Income Distribution.

→ Planning and the Pricing Process.

→ Greater Economic Efficiency.