Question

what is sociality explain me in brief ​

Answer 1

Answer:

Socialism is an economic and political system. It is an economic theory of social organization. It states that the means of making, moving, and trading wealth should be owned or controlled by the workers. This means the money made belongs to the workers who make the products, instead of groups of private owners.In all types, at least in principle, the workers own the means of production.[3] The major differences between the different varieties are the role of the free market (market planning), how the means of production are controlled, the role of management of workers, and the government's role in the economy.Another kind of socialism is "collectivization." In this system, money and goods are shared more equally among the people, with the government in control. In theory, this system results in the gap between classes getting smaller, with the state helping the nation's poorest people, while the richest agree to higher taxes and economic restrictions.

Democratic socialism is a belief that both the economy and society should be run democratically—to meet public needs, not to make profits for a few. To achieve a more just society, many structures of our government and economy must be radically transformed through greater economic and social democracy so that ordinary people can participate in the many decisions that affect their lives.