Respuesta :
Socialism is the political and economic view that the economy should be controlled by individuals in society is "true" statement.
What is socialism?
Socialism is a democratic political and economic system based on social, common, or common ownership of productive assets.
Some key features regarding socialism are-
- These production means include the equipment, tools, and factories utilized to manufacture commodities that directly meet human needs.
- Unlike, capitalism, in which business owners own the means of production & pay employees to utilize them, socialism envisions shared control and ownership among the working class.
- In a truly socialist economy, the collective makes all manufacturing and distribution choices, guided by a central planner and government agency.
- Individuals rely on the government for anything from food to healthcare in socialist societies, which often include comprehensive welfare systems and social safety nets.
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