Question

what is socialism mention it's factors

Answer 1

economist have compared socialism exit which has lost it's a safe because or everybody where

Answer 2

It is defined as an economic theory, system or movement where thr production or reproduction of goods is done, owned and shared by the citizens of the society
FACTORS.. ....
1. Socialism is social or collective ownership of resources.
2. It is fully planned economy.
3.! It is the responsibility of the central planning authority.
4. It has definite aims and objectives
5. Specific long term plans.