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Answer» State control: - When the owners do not form a trust of their wealth voluntarily, the state under certain cases can direct the use of private wealth with minimum force or violence.
- Gandhiji suggested this only for some forms of wealth and not for all types of wealth. This can be done after evaluating the ways in which wealth was accumulated.
- The state can take control of some types of private property after providing adequate compensation to the owner.
- In the context of principle of trusteeship, Gandhiji stated three forms of ownership. They are:
- Ownership with the private sector
- Formation of a trust
- Ownership with the public sector.
- Gandhiji also expressed his thoughts regarding, ‘Swadeshi movement’, co-operation, importance to small, cottage and village industries, equality, dignity of women, etc.
- His thoughts focused on welfare and humanism.
- Modern day economists take reference from Gandhiji’s views from tin,e to time to provide a new direction to the world.
- One can also find solutions to the problems of poverty, unemployment, inequality, concentration of economic power, etc. in principles given by Gandhiji.
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