Explain the advantages that a socialist system can have over a society

1.	Explain the advantages that a socialist system can have over a society based on capitalism.
Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :Under the socialist system, all the factories, <a href="https://interviewquestions.tuteehub.com/tag/industries-515587" style="font-weight:bold;" target="_blank" title="Click to know more about INDUSTRIES">INDUSTRIES</a> and means of production belong to state while in capitalist system all these things belongs to the private <a href="https://interviewquestions.tuteehub.com/tag/owners-1144396" style="font-weight:bold;" target="_blank" title="Click to know more about OWNERS">OWNERS</a>. The socialist system can have following advantages over the capitalist system.<br/> <a href="https://interviewquestions.tuteehub.com/tag/differences-951427" style="font-weight:bold;" target="_blank" title="Click to know more about DIFFERENCES">DIFFERENCES</a> between socialist and capitalist systems are as follows: <br/> <img src="https://d10lpgp6xz60nq.cloudfront.net/physics_images/FM_HIS_XI_C09_E02_041_S01.png" width="80%"/></body></html>

Explain the advantages that a socialist system can have over a society based on capitalism.