what are thought of socialism on wealth and means of production?
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Q- what are thought of socialism on wealth and means of production?
- A planned economy is a type of economy consisting of a mixture of public ownership of the means of production and the coordination of production and distribution through state planning.
- Market socialism consists of publicly owned or cooperatively owned enterprises operating in a market economy.
- Socialists argue that socialism would allow for wealth to be distributed based on how much one contributes to society, as opposed to how much capital one owns. A primary goal of socialism is social equality and a distribution of wealth based on one’s contribution to society.
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