What is socialism. Mention it's four features.( 5 marks) long answer
Answers
Answer:
Socialism is a social and economic system in which the means of production is owned by whole country. its first feature is that total amount is fair amount every person equally second feature is that it helps many landless peasants to survive in Russia. socialism first time held in Russia and then spread in whole world. Stalin is that possible due to which socialism is created on its heaviest stagei) Collective Ownership. (ii) Economic, Social and Political Equality. (iii) Economic Planning. (iv) No Competition. (v) Positive Role of Government
Answer:
Socialism is an economic systems in which the factors of production and valued in relation to their usefulness to people.
Explanation:
Features of socialism
Public ownership
Central planning
Definite objective
Freedom of consumption