99.9k views
5 votes
Who controls property and the distribution of income in a socialist system?

2 Answers

4 votes
government controls property and the distribution of income in a socialist system.
User Klinki
by
7.6k points
6 votes

Answer:

The government

Step-by-step explanation:

Besides proposing the extinction of social classes, socialism also defends:

  • The socialization of the means of production: All forms of production, such as industries, for example, belong to society and are controlled by the state. In this way wealth is no longer concentrated in the hands of a privileged minority;
  • Abolition of private property and state control over the equitable division of income;
  • Planned economy: All economic sectors are now controlled and run by the state, which will determine prices, wages and market regulation as a whole.
User Maelstrom
by
7.2k points