What is socialism? Give any three features of socialism
Answers
Answered by
2
Answer:
A socialist economy is operated with the aim of providing equal opportunity for all citizens in earning incomes. Generally, private property is restricted to some basic needs. There is no amassing of wealth by a few. Wealth is also equitably distributed because private enterprise is given a limited role.
Explanation:
follow me guys I want increase in my followers ✌️✌️✌️
Answered by
1
socialism:
- 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.
Features of socialism:
- Collective Ownership
- Collective OwnershipEconomic, Social and Political Equality
- Collective OwnershipEconomic, Social and Political EqualityEconomic Planning
- No Competition
- No CompetitionPositive Role of Government
Similar questions