Socialism is the political and economic view that the means of production should be owned and controlled by the state for the general welfare.

Question

Quizplus · Accepted Answer

Socialism advocates for the means of production, distribution, and exchange to be owned or regulated by the community as a whole, often interpreted as the state, to ensure that wealth and power are distributed more evenly and to serve the general welfare of the population.

Socialism Is the Political and Economic View That the Means