what is the meaning of socialism
Answers
Answer:
Socialism is a form of government in which most forms of property, including at least the major means of production and natural resources, are owned or controlled by the state. The aim of public ownership is to ensure that production is responsive to the needs and desires of the general population and that goods and services are distributed equitably.
The former Soviet Union is an example of a socialist system.Cuba is an example of a socialist nation. Its economy is state-run, and it lacks a stock exchange.
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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.
The political idea that is based on the belief that all people are equal and that money and property should be equally divided.
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