Topic Content:
- Merits of Socialism
- Demerits of Socialism
Merits of Socialism:
(i) It eliminates exploitationTo use someone or something unfairly for your own advantage. More and consumers’ lack of choice.
(ii) Antagonism and industrial disharmony are prevented as the condition of service of workers is determined by the state.
(iii) Everybody is equal as there is equitable distribution of resources.
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