What is socialism what are the main principle of socialism?
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How Socialism Works. Theorist Thomas More was an early advocate of socialism.
True socialists advocate a completely classless society, where the government controls all means of production and distribution of goods. ...
Socialism is also characterized by the absence of private property.
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Socialism
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- Socialism is the set of an economy and system of politics founded on the belief that capital should be equally distributed throughout society.
- Socialism is the government ownership and administration of means of production and distribution of goods and services.
- Socialism is the system of the society where there is no place for private property or ownership.
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