Socialism is based on a collectivist ideology that assumes that the collective welfare of people outweighs the welfare of the individual.

Name: Socialism is based on a collectivist ideology that assumes that the collective welfare of people outweighs the welfare of the individual.
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Socialism emphasizes collective welfare and often prioritizes it over individual interests, advocating for the means of production, distribution, and exchange to be owned or regulated by the community as a whole.

Socialism Is Based on a Collectivist Ideology That Assumes That