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Socialism

Published on Nov 19, 2015

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1.

SOCIALISM

KEVIN TRAVEN ASHLEY RICKCARDO
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2.

The definition of socialism is a way of organizing a society in which major industries are owned and controlled by the government rather than by individual people and companies.

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3.

The best example of socialism is the Soviet Union

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4.

One major flaw of socialism is that it provides very little incentive for people to do better since everyone is equal.

5.

Socialism was founded by Henri de Saint-Simon in the 1820s and after his death his followers sdevised a system in which all of society would be organized. Socialism is a political term applied to an economic system in which property is held in common and not by a single person although decisions may be made separately.

Kevin Eagan