What Is an Economic Goal That Marxism Shared with Socialism
socialism, social and economic doctrine that calls for public rather than private ownership or control of property and natural resources. According to the socialist view, individuals do not live or work in isolation but live in cooperation with one another.

What is the main motive of socialist economy?

the Prime motive of socialist economy is to welfare the Society or equity. A socialist economy is an economy in which production is controlled I.

What is the main objective of socialist economy?

The sole objective of socialism is the maximum social welfare of the society. It means that there is no scope of exploitation of labour class.

Sophia Al-Mansoor

Sophia Al-Mansoor

Global Business & E-Commerce Reporter

Sophia analyzes international trade, startup ecosystems, retail transformation, and supply chain logistics for modern digital publications.

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