Question

What is meant by the term socialism? What are cooperatives?




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Answer 1

Answer:

Socialism demands a whole-scale transformation of society's productive forces, and to immediately end Capitalism. Cooperatives are a little different--they seek to do the best they can democratically within whatever economic system is present.

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Answer 2

Question:

What is Socialism?

Answer:

Socialism is an economic and political system. It is an economic theory of social organization. It states that the means of making, moving, and trading wealth should be owned or controlled by the workers. ... Socialists believe that everything in society is made by the cooperative efforts of the people and citizens.

What are Cooperatives?

Answer :

a reformist theory that regards cooperation as one of the chief means for the peaceful and gradual “transformation” of capitalism into socialism. It arose with the development of the cooperative movement and cooperative theories