Question

what is socialism

Answer 1

Socialism is an economic system characterized by the collective ownership of the means of production and the cooperative management of the economy; Or is it a political philosophy that defends this economic system.

Answer 2

Socialism is one of the social and political theories that appeared in the late nineteenth century and was applied on the ground at that time, after it was only writings known at that time as romantic socialism. It must be noted that the German philosopher and economist Karl Marx is He pioneered this theory, as he wrote many books and articles that talk about communist and socialist principles, which were later developed by many politicians and economists.