Question

what do you understand by the socialism ​

Answer 1

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.Social ownership can be public, collective, cooperative, or of equity.

Explanation:

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Answer 2

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. It includes the political theories and movements associated with such systems.[9] Social ownership can be public, collective, cooperative, or of equity.