Socialism Marxism And Anarchism Questions
Socialism is an economic and political ideology that advocates for the collective ownership and control of the means of production, distribution, and exchange. It aims to create a more equitable society by reducing or eliminating social and economic inequalities. In a socialist system, resources and wealth are distributed based on the needs of the population rather than through private ownership and profit-driven markets. The government or the community as a whole typically plays a significant role in planning and managing the economy.