Write about socialism .
Answers
Answer:
a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
Explanation:
Socialism is an economic and political system. It is an economic theory of social organization. It believes 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 people who make the things, instead of a group of private owners. People who agree with this type of system are called socialists.
There are two main ways socialists own the means of making wealth: by the state on behalf of the workers, or by worker-owned cooperatives. Socialists believe that everything in society is made by the cooperative efforts of the people and citizens.