The Socialism

Socialism is an economic and political system where the means of production—like factories, land, and resources—are owned or regulated collectively, often by the government, rather than by individual private owners. Its goal is to promote economic equality and ensure that wealth is distributed more fairly across society. Instead of leaving decision-making solely to private businesses seeking profit, socialism emphasizes community control or cooperation to meet people's needs, such as healthcare, education, and job opportunities. It seeks a balance between individual initiative and collective well-being to reduce poverty and improve social cohesion.