Question

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Describe the ideology of the Socialists.
(In about 3 - 5 points)
_____________...

«Quality answer required.»

NCERT - IX
(India and the Contemporary World - 1)

Topic: Socialism in Europe and the Russian Revolution.
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Answer 1

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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.
• It is an ideology is a collection of ideas. Typically, each ideology contains certain ideas on what it considers to be the best form of government (e.g. autocracy or democracy) and the best economic system (e.g. capitalism or socialism).
• Here are some of the types of socialistic systems:

1. Democratic socialism. In democratic socialism, factors of production are under the management of an elected administration. ...
2. Revolutionary socialism. ...
3. Libertarian socialism. ...
4. Market socialism. ...
5. Green socialism.

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