Question

What does mean by socialism .

Answer 1

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*⃣ DETAILED STUDY ON SOCIALISM *⃣



✔ Socialism is an economic system in which the means of production and distribution of goods are owned not by private individuals but by the community.

✔ The important leaders of Socialism were Karl Marx, Albert Einstein, George Bernard Shaw, Fredrick Engels and many others.

✔ In Socialism, the economic activities and production especially are adjusted by the State to meet human needs and economic demands.

✔ Examples of countries where Socialism is prevalent are China, Denmark, Finland, Sweden, Norway.


✨✨✨✨ ALWAYS BE BRAINLY ✨✨✨✨

Answer 2

Socialism is a range of economic and social systems characterised by social ownership and democratic control of the means of production, as well as the political theories and movements associated with them.

PLEASE MARK AS BRAINLIEST!