Question

what is socialism??? ​

Answer 1

Hey mate,

Socialism means production to satisfy human needs, not as under capitalism, for sale and profit. Socialism means direct control and management of the industries and social services by the workers through a democratic government based on their nationwide economic organization.

Hope it helps you ❤️

# heartqueen

Answer 2

$\mathscr\purple{HELLO!!}$

Socialism is an economic and political system where the ways of making a living (factories, offices, etc.) are owned by the workers who run them and the people who depend on them, meaning the value made belongs to the people who make it, instead of a group of private owners.

Workers vote to make business decisions. The former Soviet Union is an example of a socialist system. Cuba is an example of a socialist nation. Its economy is state run and it lacks a stock exchange.

Hope it helps you.

$\mathscr\red{THANKS!}$