Question

What is Socialism.. explain​

Answer 1

Answer:

Socialism is a populist economic and political system based on public ownership (also known as collective or common ownership) of the means of production. Those means include the machinery, tools, and factories used to produce goods that aim to directly satisfy human needs.

Explanation:

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Answer 2

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.

The political idea that is based on the belief that all people are equal and that money and property should be equally divided.

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