What is the idea of socialism
Answers
Answered by
5
Thank you for asking the question !!
Socialism is an economic theory in which the means of making, moving, and trading wealth should be owned or controlled by the community as a whole. It is a form of society in which government owns or controls major industries. It is the transitional stage between capitalism and communism. For example: Healthcare and education are all completely administered and managed by the government.
Similar questions