Question

Whatt is socialism ? Mention its 4 features .

Answer 1

Socialism is a body of ideas to restructure society on equal status.

Its four features are:

(i) Its is against ownership of private property.

(ii) Society as a whole should control property collectively.

(iii) Its stands for collective social interests rather than personal gains.

(iv) Socialism was in favour of cooperatives and that wages should be given according to work done.

Answer 2

It purposes the idea that the production should be under control of the government.socialism is a body of ideas to restructure society on equal status .four features: 1: public owner ship
2:central planning 3: definite objectives 4: free from of consumption