Short note on socialist
Answers
Explanation:
Socialism is an economic and political system. It is an economic theory of social organization. It believes that the means of making, moving, and trading wealth should be owned or controlled by the workers. ... Socialists believe that everything in society is made by the cooperative efforts of the people and citizens.
Explanation:
Socialism is an economic and political system. It is an economic theory of social organization. It believes that the means of making, moving, and trading wealth should be owned or controlled by the workers. This means the money made belongs to the people who make the things, instead of a group of private owners. People who agree with this type of system are called socialists.
There are two main ways socialists own the means of making wealth: by the state on behalf of the workers, or by worker-owned cooperatives. Socialists believe that everything in society is made by the cooperative efforts of the people and citizens.
There are many kinds of socialism. In all types, at least in principle, the workers own the means of production.The major differences between the different varieties are the role of the free market (market planning), how the means of production are controlled, the role of management of workers, and the government's role in the economy.