Which political and economic belief system advocates shared ownership of property?
Socialism is an economic and political theory advocating public or common ownership and cooperative management of the means of production and allocation of resources. A socialist society is organized on the basis of relatively equal power-relations, self-management, and an elimination of hierarchical and bureaucratic forms of administration and governance.
Related Questions
- With shared ownership, won people still have problems buying a house in the future, as they only own a share of the property and will not get the full market value when they sell?
- Whats Philippines economic system and political economic system?
- Where do I find a Property for the Shared Ownership Scheme?
