Question

what is meaning of socialism

Answer 1

Definition of socialism. 1 : any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods. 2 a : a system of society or group living in which there is no private property.

Answer 2

heya...

Here is your answer....

Socialism:

Socialism calls for public ownership rather than private control of property and natural resources.

The means of production under the control of public is called socialism.

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