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सी.आई.एस.सी.ई.आईसीएसई ICSE Class 8

With reference to the Industrial Revolution explain the following:  The basic features of socialism - History and Civics

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प्रश्न

With reference to the Industrial Revolution explain the following: 
The basic features of socialism

संक्षेप में उत्तर

उत्तर

Socialism was a reaction to the evils of capitalism. Socialism is a system under which there is no private ownership of capital. People in a socialist set-up would not be divided into rich and poor classes. The means of production (capital) is owned by society as a whole and everybody would work and share equally the profits, i.e., the fruits of their labour. Thus, exploitation would be wiped out and a classless society based on economic and social equality would be established.

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The French Revolution
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 2: The industrial Revolution and the Rise of Imperialism - Answer the questions briefly

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ऑक्सफोर्ड यूनिवरसिटि प्रेस The Trail History and Civics [English] Class 8
अध्याय 2 The industrial Revolution and the Rise of Imperialism
Answer the questions briefly | Q 4.1
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