Sign up now
to enroll in courses, follow best educators, interact with the community and track your progress.
93 plays

The lesson deals with the The Socialism as a political philosophy and economic system, with its own set of pros and cons. The various forms of Socialism have also been discussed.

Danish Khatana
Masters in Biotechnology IIT JAM 2011 (AIR - 479) CSIR NET Life Sciences 2012, DBT JRF 2015, UGC NET Socio - 2018

Unacademy user
Nice tricks maam Mam you made it easy to remember!
thanks Basit... keep learning :)

  2. UPSC SYLLABUSsays History of the World will include events from 18th century such as Industrial Revolution World Wars Redrawing of national boundaries Colonization and Decolonization Political Philosophies like COMMUNISM, CAPITALISM, SOCIALISM etc. their forms & effect on the society.

  3. SOCIALISM Political Philosophies -SOCIALISM its forms & effect on the society

  4. SOCIALISM Both an economic system and political way of thinking as well Based on the idea of cooperation and social responsibility Political, economic & social equality

  5. SOCIALISM Dictates the way of distribution of a nation's wealth equitably to all Ownership of the means of production public rather than private aimedat Maximum social satisfaction at minimum social cost

  6. ROOTS OF SOCIALSM Originated in France after the FrenchRevolution Karl Marx and Friedrich Engels gave references to SCIENTIFIC SOCIALISM in "Communist_Manifesto

  7. SOCIALISM PROS CONS Minimum standard of too much governmental living guaranteed production based on Profit an important utility not mere profit human incentive missing near full employment & Individual freedom reduction i control n inequalities highly restricted

  8. SOCIALISTCHANGES Progressive Taxation Welfare state Command economy Nationalization

  9. Forms of SOCIALISM . Democratic - SOCIALISM Liberal SOCIALISM o Marxist COMMUNISM

  10. DEMOCRATICSOCIALISM A broad political movement that seeks to propagate the ideals of socialism within the context of a democratic system. Presently, it is broadly supportive of current capitalist systems s Mixed Economy s Welfare State