Question

What is socialism? Explain in your own words.
​

Answer 1

Answer:

Please see answer in attachment

Answer 2

Answer:

The term socialism refers to any system in which the production and distribution of goods and services is a shared responsibility of a group of people. Socialism is based upon economic and political theories that advocate for collectivism. In a state of socialism, there is no privately owned property.

Explanation:

Thank you please mark me as brainliest and thanks me please