Question

What
is socialism ? mention its
mortion its four feature.(5marks)​

Answer 1

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.

Four features of socialism are:-

1. Public Ownership

2. Central Planning

3. Definite Objectives

4. Freedom of Consumption

please mark as brainliest

Answer 2

The political idea that is based on the belief that all the people are equal and that money and property should be equally divided.

(1) collective ownership

(2) economic, social and political equality

(3) positive role of government

(4) economic planning