Question

Which of the following statement(s) is/are true regarding the Socialists?

• A. They supported private ownership or control of property.
• B. They supported the idea of building cooperatives.
• C. Many socialists wanted the governments to set up cooperatives.
• D. Robert Owen built a cooperative community called New Harmony in Russia.

Answer 1

Answer: (B), (C)

Many socialists wanted the governments to set up cooperatives.

The socialists wanted public control of property and supported the idea of building cooperatives. A cooperative refers to a farm, business or any other organisation which is owned and run jointly by its members, who share the profits or benefits. As an individual initiative, Robert Owen built a cooperative community called New Harmony, in Indiana, USA. Many socialists demanded that the government set up cooperatives.