Social Sciences, asked by sarahshanth21, 17 hours ago

What do you mean by socialist system?

Answers

Answered by thakurojasvi935

4

Answer:

Socialism is a political, social, and economic philosophy encompassing a range of economic and social systems characterised by social ownership of the means of production, as opposed to private ownership. Social ownership can be public, collective, cooperative, or of equity.

Explanation:

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