Question

what was the basic idea of socialism

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Answer 1

Here is your answer

☞Socialism is a populist economic and political system based on public ownership (also known as collective or common ownership) of the means of production. Those means include the machinery, tools, and factories used to produce goods that aim to directly satisfy human needs.

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Answer 2

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ʕ•ε•ʔSocialist ideals include production for use, rather than for profit; an equitable distribution of wealth and material resources among all people; no more competitive buying and selling in the market; and free access to goods and services.ʕ•ε•ʔ