Question

Which of the following is NOT a characteristic of socialism? The government redistributes wealth the population through wages and services. The government manages the economy in the interests of the workers. A O Production is for private profit. The government owns hospitals and farms

Answer 1

Production is for private profit is not a characteristic of socialism.

Socialism is a political system in which the production, means of production, distribution is with the community at large or in the hands of the government and not with the private owners. This is opposite to the capitalist economy in which things are with the private hands for profit.

Rise and fall theories of social change argues that change reflects a cycle of growth and decline.

Rise and fall theories suggest that almost everything in the society would start, reach its peak and fall as in the product life cycle because another concept, practice or ideology would take control of the society and would cause the decline of the existing ideas. When people become dissatisfied with the ideas or ideology they live in, they would initiate change on their own.

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