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7. What is socialism? Mention its four features? |
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Answer» ER IS HERE →→→→→ ______________________________________________________Socialism is a political, social and economic philosophy encompassing a range of economic and social systems characterised by social ownership of the means of production and workers' self-management of enterprises. ... Social ownership can be public, collective, cooperative or of equity.The main FEATURES of SOCIALISM 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: |
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