wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

what do u mean by socialist and socialism

Open in App
Solution

Socialism means public ownership. The various resources of the country are commonly owned. Socialism ensures that wealth of country should be used for the benefit of all. Common ownership in real terms means everybody has equal right to participate in the decision making of the country regarding how the global resources will be used and nobody would be able to take personal control of the resources which is beyond their personal possession. Socialist is the one who follow or advocate principles of socialism.



flag
Suggest Corrections
thumbs-up
1
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Ideology
HISTORY
Watch in App
Join BYJU'S Learning Program
CrossIcon