What Do You Mean By Socialism?

1.	What Do You Mean By Socialism?
Answer» Socialism is generally understood as an ECONOMIC SYSTEM where the means of production are either owned or controlled by the state and where the resource allocation, INVESTMENT pattern, consumption, income DISTRIBUTION, etc. are directed and regulated by the state. Socialism is generally understood as an economic system where the means of production are either owned or controlled by the state and where the resource allocation, investment pattern, consumption, income distribution, etc. are directed and regulated by the state.

Answer»

Socialism is generally understood as an ECONOMIC SYSTEM where the means of production are either owned or controlled by the state and where the resource allocation, INVESTMENT pattern, consumption, income DISTRIBUTION, etc. are directed and regulated by the state.

Socialism is generally understood as an economic system where the means of production are either owned or controlled by the state and where the resource allocation, investment pattern, consumption, income distribution, etc. are directed and regulated by the state.

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