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Rise of Socialism

Ram says, Soc...

Question

Ram says, Socialism is an idea where individuals do not live or work in isolation, but live in cooperation with one another. Rahul says that according to Socialism, society as a whole would own or at least control property for the benefit of all its members. Who do you think is right?

A

Ram is right

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B

Rahul is right

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C

Both are right

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D

Both are wrong

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Solution

The correct option is C Both are right
Socialism is an idea where individuals do not live or work in isolation, but live in cooperation with one another. Everything that is produced by the people is in some sense a social product. Everyone who contributes to the production of a good is entitled to a share in it. According to this idea, society as a whole would own or at least control property for the benefit of all its members.

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