Socialistic Principles

The systems related to society have been characterized by the ownership of the means of production while private ownership has been opposed as the means of production that is defined by the socialistic principle. The theories based on political aspects as well as certain movements are being associated here in this research. The state policy has been considered as the socialism that is defined by the derivative research where the economic and social principles have been highlighted. The concept typically investigates providing economic and social justice to the people so that the optimum norms are provided by them and the direction is been provided through the following states of welfare. 

Analysis of Socialistic Principle

It has been discussed above that the Principle-based on Socialism, typically contemplates the ideology based on socialism and economic findings while laying down the democratic state based on the socialist framework. The idea of socialism has been considered as the social as well as the economic doctrine that calls for the public without concern about the private ownership or the control of related property as well as the natural resources based. The individuals are considered as not living or working but they are supported furthermore by living together. The share is being shared into the individuals according to the type of contribution done in order to sense a social product. This has been greatly analyzed as the property is owned or it is being shared as a benefit to the members. It has also been highlighted that the idea of socialism is being opposed by capitalism that is based on the ownership related to private as well as the production means and allows the choice of the individuals as the free market in order to determine the distribution of the goods as well as the services as it has been highlights here in this research. 

Properties of Socialistic Principle

Socialistic principles are one of the most important key parameters in human life as these are the principles which tend to determine a positive role in life. There happens to be several properties of socialistic principles and those can be discussed as follows:

• Collective Ownership is one the first and foremost characteristic of socialistic principle. In case the ownership is taken collectively for a work or a responsibility then it will not only be easier for the organization but also it will be convenient for the other employees of that organization.
• Economic planning is one of the features of the socialistic principles which helps an organization or people to make sure the cash flow of that company is going on in a proper way.
• No competition is one of the most important characteristics that organizations will have to make sure that all the other rival companies are flourishing their business properly without entering into a rat race.

• Lastly, Economic and Social Equality are important features for socialism that helps people to stay connected together equally. Economics and socialism will be remaining properly in case they go equally hand in hand.

Types of Socialistic Principle

The ideology based on socialism and the framework is being laid down as the most important characteristics that organizations will have to make sure that all the other rival companies are flourishing their business properly without entering into a rat race. Economic and Social Equality are important features for socialism that helps people to stay connected together equally. 

• Article 38 has been considered for the people’s welfare by providing security as protection. 
• Article 39 has been considered as the right to adequate livelihood means as well as the economic system operation in order to prevent the concentration of wealth by production means. 
• Article 39 A is covered about the equal justice promotion as well as promotion of free as well as wealth that is legal to the poor
• Article 43 and 43 A is considered in order to secure the wages as well as to secure the worker’s participation
• Article 47 is undertaken in order to raise the nutrition level as well as to improve the public health 

These articles have been undertaken in order to maintain the socio economic rights of the public staying in the country while enjoying each and every rights that has been considered by the government. 

Conclusion

It can be concluded that, Principle based on Socialism, typically contemplates the ideology based on socialism and economic findings while laying down the democratic state based on socialist framework.  It has also been highlighted that the idea of socialism is being opposed by capitalism that is based on the ownership related to private as well as the production means while it is considered as one of the most important key parameters in human life and must be undertaken by each and every country leading to the development of the country in the viewpoint of its development socially.