Question

what is socialism
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Answer 1

Explanation:

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 democratic control or workers' self-management of enterprises. It includes the political theories and movements associated with such systems

The following is a brief overview of the major issues which have generated or are generating significant controversy amongst socialists in general.

Theory.

Practice.

State-directed economy.

Decentralized planned economy.

Socialist market economy.

Utopian socialism.

Communism.

Marxism.