what is a good explanation of socialism? - EAS
- At its simplest, the core meaning of socialism is that it is a politico-economic system where the state controls, either through planning or more directly, and may legally own, the basic means of production.
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See morehttps://corporatefinanceinstitute.com/.../socialism- 1. Absence of exploitation
A socialistic system ensures that no worker is exploited. How? Well, each of the workers in the community has a say on how the resources are managed, and each person receives and contributes based on an individual’s potential. According to th… - 2. Rejection of discrimination
The system disapproves discrimination, and each person does what he is good at or what he enjoys best. If there are jobs that should be done and there is no one to perform them, a higher remuneration is provided. Natural resources are protected fo…
See more on corporatefinanceinstitute.comMany forms of socialism exist around the world, and they all differ when it comes to ideas on how best to incorporate capitalism into a socialistic structure. In addition, the different forms of socialism emphasize the diverse aspects of social democracy. Here are some of the types of socialistic systems:Explore further
- 1. Absence of exploitation
- https://www.britannica.com/topic/socialism
socialism, social and economic doctrine that calls for public rather than private ownership or control of property and natural resources. According to the socialist view, individuals do not …
- https://www.nationalgeographic.org/encyclopedia/socialism
Socialism is, broadly speaking, a political and economic system in which property and the means of production are owned in common, typically controlled by the state or government. …
- https://www.merriam-webster.com/dictionary/socialism
Definition of socialism. 1 : any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of …
- https://examples.yourdictionary.com/examples-of-socialism.html
In Karl Marx's system, socialism was supposed to be a type of utopian system where everyone is treated equally. However, critics of socialism note that it takes away many freedoms afforded …
- https://study.com/academy/lesson/socialism-lesson...
Jan 10, 2022 · Socialism is a system based on cooperation where everyone works together to provide equally for everyone else. But, socialism differs according to the country. In one …
- https://www.legit.ng/1292405-socialism-pros-and-cons-is-it-good-or-bad.html
Jan 21, 2020 · The concept of socialism is based on an economic system that is owned by the community. This also means that the government has authority over the prices and …
- https://vittana.org/11-socialism-pros-and-cons-list
Sep 30, 2017 · September 26, 2017. September 30, 2017 by Louise Gaille. Socialism is a political theory. It is also an economic theory. This structure advocates for production, distribution, and …
Socialism Explained
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