Question

Which of the following is the underlying principle of socialism? The welfare of individuals far outweighs the welfare of society. Capital and wealth should be vested in the hands of few and used primarily as a means of profit. Collective welfare of people outweighs the welfare of the individual. The state should protect itself from individual and group interests.

Answer 1

Collective welfare of people outweighs the welfare of the individual.

Step-by-step explanation:

Socialism is founded on the appropriation of the means of production by the state. Thus, the State's task is to provide the collective welfare of the people, that is, the production and distribution of goods and services belongs to the State, which is responsible for the collective welfare. In contrast, individual and private interests are minimized.