History, asked by ujjwal1989, 1 year ago

Write about the philosophy of socialism

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Answered by Anonymous
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Hi dear friend...
Here is YOUR ANSWER

______✴️ANSWER✴️_______

the philosophy of socialism are:

▪️The means of production are, for the most part, privately owned;

▪️People own their labor power, and are legally free to sell it to (or withhold it from) others;

▪️Production is generally oriented towards profit rather than use: firms produce not in the first instance to satisfy human needs, but rather to make money; and

▪️Markets play a major role in allocating inputs to commodity production and determining the amount and direction of investment.


I hope it will help
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Anonymous: :-)
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