1. Socialism
Socialism is the economic and political philosophy
that wealth should be fairly distributed through a
society. politically people may be democratic;
economically they depend on the government
doing the centralized planning.
- It is against capitalism
- Started in Europe in the 19th century
- Karl mask, Lenin and mao were the chief
exponents of socialism
2. • Several types of socialism have emerged some
of them are:-
1) Christian socialism
2) Democratic socialism
3) Gandhian socialism
4) Marxist socialism
5) Scientific socialism
3. . Several types of socialism have emerged ,some
of them are:-
1) Christian socialism
2) Democratic socialism
3) Gandhian socialism
4) Marxist socialism
5) Scientific socialism
4. Feature of Socialism
• The foremast feature of socialism are listed as
follows:-
a) Public ownership
It has the public ownership of all the
means of production and distribution .This is also
known as collective ownership whereby all
means are owned ,controlled and regulated by
the state. In socialist economic system the basic
motive of government is not profit but to get
targeted objectives.
