Socialism - meaning, principles and kinds. Guilds Socialism, syndicalism, democratic socialism, Dictatorship
SUBJECT : Political Science
PUBLISHED ON : 28/10/14
NUMBER OF PAGES : ( 15 Pages)
PRICE : Rs 11.25

The Theory of socialism is a protest against the individualism of the 19th century which was based on the institutions of private property and free competition. The socialists regard the state as a positive good and advocate the widest possible extension of its functions They aim at placing all means of production under the ownership of the community. Its main principles are abolition of capitalism, competition, and nationalization of means of production, etc.

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