Question

What is socialism?Write in short.

Answer 1

Answer:

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

Answer 2

$\huge\underline \mathfrak\orange{Answer}$

Socialism means public ownership. The various resources of the country are commonly owned. Socialism ensures that wealth of country should be used for the benefit of all. Common ownership in real terms means everybody has equal right to participate in the decision making of the country regarding how the global resources will be used and nobody would be able to take personal control of the resources which is beyond their personal possession. Socialist is the one who follow or advocate principles of socialism. 

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