Question

short note on socioliam

Answer 1

Socialism is a range of economic and social systems characterised by social ownershipand workers' self-management of the means of production[10] as well as the political theories and movements associated with them.[11] Social ownership may refer to forms of public, collective or cooperative ownership, or to citizen ownership of equity.[12] There are many varieties of socialism and there is no single definition encapsulating all of them,[13]though social ownership is the common element shared by its various forms.[5][14][15]

Socialist economic systems can be divided into non-market and market forms.[16] Non-market socialism involves the substitution of factor markets and money with engineering and technical criteria based on calculation performed in-kind, thereby producing an economic mechanism that functions according to different economic laws from those of capitalism. Non-market socialism aims to circumvent the inefficiencies and crises traditionally associated with capital accumulation and the profit system.[25] By contrast, market socialism retains the use of monetary prices, factor markets and in some cases the profit motive, with respect to the operation of socially owned enterprises and the allocation of capital goods between them. Profits generated by these firms would be controlled directly by the workforce of each firm, or accrue to society at large in the form of a social dividend.[26][27][28] The socialist calculation debate discusses the feasibility and methods of resource allocation for a socialist system.

The socialist political movement includes a set of political philosophies that originated in the revolutionary movements of the mid-to-late 18th century and out of concern for the social problems that were associated with capitalism.[13] In addition to the debate over markets and planning, the varieties of socialism differ in their form of social ownership, how management is to be organised within productive institutions and the role of the state in constructing socialism.[2][13] Core dichotomies include reformism versus revolutionary socialism and state socialism versus libertarian socialism. Socialist politics has been both centralist and decentralised; internationalist and nationalist in orientation; organised through political parties and opposed to party politics; at times overlapping with trade unions and at other times independent of—and critical of—unions; and present in both industrialised and developing countries.[29] While all tendencies of socialism consider themselves democratic, the term "democratic socialism" is often used to highlight its advocates' high value for democratic processes in the economy and democratic political systems,[30] usually to draw contrast to tendencies they may be perceived to be undemocratic in their approach.