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Socialism emerged as an economic philosophy as a result of the * inequity of the mercantilist system abuse of the capitalist system fear of radical communism teachings of Karl Marx

User Taharqa
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Answer: abuse of the capitalist system

Step-by-step explanation:

Socialism has been around for a long time in one form or the other as it basically calls for the resources of a nation to be shared by its citizens in such a way that everyone is taken care of.

It however gained a lot of ground in the 19th century when the industrial revolution led to massive income inequality as a result of the capitalist system. People like Karl Marx began to advocate socialism as a way to address this income inequality.

User Wexxor
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