what is socalism write its advantages
Answers
socialism is an economic system where all the means of production are controlled by the society(government) not by any group of private owners. people who agreed to socialism are called socialists. and socialists are against any private property.
advantages of socialism :-
1. socialism won't discriminate between rich and poors as it's against private property. everything will be equally distributed.
2. since, everything will be controlled by government and society, everyone will have right to express their views and hence the quality of decisions can be improved.
3. unemployment will decrease because everyone will get equal income. they'll get paid according to their work skills.
4. economy will develop. in socialism, economy will grow faster because of the full use of resources and good decisions.
5. socialist economy also take care for the future. they plan for the conversation of natural resources like coal, forests etc. this way, they help to conserve natural resources.
there are more advantages, I answered what I knew :)