Explain socialist system

1.	Explain socialist system
Answer» <html><body><p>Socialism is a political, social, and <a href="https://interviewquestions.tuteehub.com/tag/economic-448435" style="font-weight:bold;" target="_blank" title="Click to know more about ECONOMIC">ECONOMIC</a> <a href="https://interviewquestions.tuteehub.com/tag/philosophy-3741" style="font-weight:bold;" target="_blank" title="Click to know more about PHILOSOPHY">PHILOSOPHY</a> <a href="https://interviewquestions.tuteehub.com/tag/encompassing-7375525" style="font-weight:bold;" target="_blank" title="Click to know more about ENCOMPASSING">ENCOMPASSING</a> a range of economic and social systems characterised by social ownership of the <a href="https://interviewquestions.tuteehub.com/tag/means-1091780" style="font-weight:bold;" target="_blank" title="Click to know more about MEANS">MEANS</a> of production and democratic control, such as workers' self-management of enterprises. ... Social ownership can be public, collective, cooperative, or of equity</p></body></html>

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