Question

Write the features of Socialism. Mention three
points.
3 marks​

Answer 1

Main Features of Socialist Economy:

The main features of socialist economy are as follows:

(i) Collective Ownership:

(ii) Economic, Social and Political Equality:

(iii) Economic Planning:

(iv) No Competition:

(v) Positive Role of Government:

(vi) Work and Wages According to Ability and Needs

hope it helps you....✌️

Answer 2

Answer:

The main features of socialism are as follows:

(i) Collective Ownership:

(ii) Economic, Social and Political Equality

(iii) Economic Planning

Hope it helps you.