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What is meaning of Socialism?

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What is meaning of Socialism?

Posted by Tannu Chauhan 5 years, 3 months ago

CBSE > Class 09 > Social Science

2 answers

Yogita Ingle 5 years, 3 months ago

Socialism is defined as an economic system in which the means of production are owned not by private individuals but by the community in order that all may share more fairly in the wealth produced.

Tannu Chauhan 5 years, 3 months ago

The political idea is based on the belief that all people are equal and that money and property should be equally divided

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