Question

what were the major features of socialism? write in points .​

Answer 1

(i) Collective Ownership:

In socialism, all means of production are owned by the community, i.e., Government, and no individual can hold private property beyond certain limit. Therefore, it is government who utilises these resources in the interest of social welfare.

Answer 2

The three main goals of socialism are 1) distribute wealth equally among the people, 2) government control of society and 3) public ownership of most land.