Question

what is socialism ? for class 11​

Answer 1

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Answer 2

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What is socialism ?

Socialism is a political, social and economic philosophy encompassing a range of economic and social systems characterised by social ownership of the means of production and workers' self-management of enterprises. It includes the political theories and movements associated with such systems

MORE TO KNOW -

Here are some of the types of socialistic systems:

• Democratic socialism. In democratic socialism, factors of production are under the management of an elected administration.
• Revolutionary socialism.
• Libertarian socialism.
• Market socialism.
• Green socialism

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