By: Mariefe Balela

What exactly is Socialism?

An economic system that publicly supports that the means of production, distribution, and exchange should be owned or regulated by the community as a whole. Everyone is paid the exact same amount of money and there is no buying or sells things.

The Benefits:

Socialism reduces wealth disparities, unemployment and inflation. Excess or insufficient production can be avoided and prices can be controlled in a proper extent.

Advantages of Socialism
What Is Socialism?

People say that Socialism is bad because of the government control. Socialism isn't as bad as they say it is. Since the government controls almost all of society's functions, it can make better use of resources, labors, and lands. This benefits the public because it will save the public's money so the community does not become broke.

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Socialism is a system where justice and social equality comes first.