'''Socialism''' is a system of government, by which the means of production and distribution are regulated for the well-being of the people, not the profit of individuals. The right to own the means of production(e.g factories) is controlled by the State. There are three main kinds of Socialism, but all of them are built on the premise that social control of the means of production ensures that a community's resources are used in a positive and uplifting manner. | '''Socialism''' is a system of government, by which the means of production and distribution are regulated for the well-being of the people, not the profit of individuals. The right to own the means of production(e.g factories) is controlled by the State. There are three main kinds of Socialism, but all of them are built on the premise that social control of the means of production ensures that a community's resources are used in a positive and uplifting manner. |