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Socialism is an economic theory in which he means of production, distribution, and exchange are owned by an entire community rather than an individual. This system distributes goods and money throughout the community.
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∙ 9y ago
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What countries does socialism work in?
Norway
What are the disadvantages of socialism in Italy?
Disadvantages of socialism in Italy or elsewhere include the fact that it often does not work well for the people. While it should help them, the government often does not have the resources to make it work.
Is 'The Communist Manifesto' considered an important work on socialism?
Yes.
How does socialism work when there are different races?
Socialism has nothing to do with race, but with economics. Socialism is concerned with taxing the wealthy to provide welfare to the poor. It does not matter what race a person is, but what wealth they have, that determines their position and duties in a socialist country.
What rights do people have in socialism government?
Socialism= big government. With too much government, your rights aren't protected. It's risky to live under socialism because socialist governments believe they're entitled to your work and your property.
Was communism or socialism first?
It was from Socialism that Communism was born.
What do you think of socialism?
It sucks. It creates bad quality products because there's no motivation to work (since the government shells out the money equally to everyone). Its pretty simple to see that socialism dosen't work........The left just denies it.
On socialism who gets the profits from goods sold and work preformed by business?
Socialism is a society with no profits and no buying and selling. Gods and services are produced to meet human need.
Why socialism book written by?
socialism
The African form of socialism was based on what?
There was no African form of Socialism.
Is freedom of choice capitalism or socialism?
Under capitalism, most people have little freedom of choice, as they have to work for an employer. Socialism will provide much more freedom, without the coercion of the wages system.
What is the goal of socialism?
Social work is done with the intention to work selflessly for the betterment of the society. Though the Govt is doing lot of work, still there are many things which are left behind.
