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Collective Ownership

What is Socialism And Discuss It’s Meaning, Features & Criticism

August 24, 2024 by Simanchala Nayak

Socialism is a political, social, and economic system in which the means of production, distribution, and exchange are owned or regulated by the community as a whole, typically through the state. It aims to promote equality, reduce social and economic disparities, and ensure that all members of society have access to basic needs like education, … Read more

Categories Blog Tags Collective Decision-Making, Collective Ownership, Criticism of Socialism, Discuss It's Meaning, Economic Planning, Equality and Redistribution, Equality vs. Efficiency Trade-Off, Equitable Distribution, Erosion of Personal Freedom, esikhya, Features & Criticism of Socialism, Focus on Social Welfare, Focus on Welfare and Social Justice, Inefficiency and Bureaucracy, Key Features of Socialism, Lack of Incentives, Limited Private Property, Market Economy Advantages, Meaning of Socialism, Poor Economic Performance, Provision of Public Services, Public Ownership, Reduction of Class Distinctions, Risk of Authoritarianism, Socialism, Transition Challenges, Unrealistic Ideals, Unsustainable Welfare Systems, What is Socialism Leave a comment
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