Socialism refers to an economic and political system in which the government owns and controls large parts of the economy.

Name: Socialism refers to an economic and political system in which the government owns and controls large parts of the economy.
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Socialism is characterized by the government or public ownership of the means of production and the distribution of goods and services, aiming for a more equitable distribution of wealth and power within society.

Socialism Refers to an Economic and Political System in Which