What was the socialist system ?
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Hey There! Systems characterised by social ownership and workers' self-management of the means of production as well as the political theories and movements associated with them.
Socialism is an economic theory of social organization that believes that the means of making, moving, and trading wealth should be owned or controlled by the community as a whole.
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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 democratic control, such as workers' self-management of enterprises. ... Socialist systems are divided into non-market and market forms.
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