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Question
A society which is governed for the good of all is called _____________.
A society which is governed for the good of all is called _____________.
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Solution
The correct option is B Socialist Society
Socialism is a populist economic and political system based on the public ownership (also known as collective or common ownership) of the means of production. Those means include the machinery, tools, and factories used to produce goods that aim to directly satisfy human needs. In a socialist economy, the government owns and controls the means of production.
Socialism is a populist economic and political system based on the public ownership (also known as collective or common ownership) of the means of production. Those means include the machinery, tools, and factories used to produce goods that aim to directly satisfy human needs. In a socialist economy, the government owns and controls the means of production.
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