What is Socialism? simple defination plzz
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Answer:
Socialism is an economic and political system . It is an economic theory of social organization .
Explanation:
Socialist thinks that everything in society is made up of cooperative efforts of the people and citizens
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socialism is a populist economic and political system based on public ownership (also known as collective and common ownership).
Explanation:
socialists contend that shared ownership of resources and central planning provide a more equal distribution of goods and services and a more equitable society
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