Question

what is socialism according to the 9th std ncert solution​

Answer 1

Answer:

a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.

Answer 2

Answer:

The basic idea of Socialism was that if a society as a whole rather than single individuals controlled property more attention would be paid to collective social interests.

or

Socialism is defined as an economic system in which the means of production are owned not by private individuals but by the community in order that all may share more fairly in the wealth produced.

Explanation:

Socialism believes that the means of making, moving, and trading wealth should be owned or controlled by the workers. ... People who agree with this type of system are called socialists.

This was the basic idea of socialism as per the syllabus of class 9...

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