GK
INDIAN POLITICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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state-controlled economy
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liquidation of the bourgeoisie
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removal of the peasantry from administration
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establishment of military dictatorship
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Detailed explanation-1: -The general socialism definition, broadly speaking, socialism is a political and economic system in which the means of production and property have public ownership and are not controlled by the government.
Detailed explanation-2: -Socialism is, broadly speaking, a political and economic system in which property and the means of production are owned in common, typically controlled by the state or government. Socialism is based on the idea that common or public ownership of resources and means of production leads to a more equal society.
Detailed explanation-3: -State socialism is a political and economic ideology within the socialist movement that advocates state ownership of the means of production.
Detailed explanation-4: -Those socialists believe there is no need for a state in a socialist system because there would be no class to suppress and no need for an institution based on coercion and therefore regard the state being a remnant of capitalism.