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Socialism is a political, social, and also economic ideology incorporating a range of financial and social systems qualified by social ownership of the methods of production as well as democratic control, such as workers self-management of business. It includes the political theories and movements related to such systems. Social ownership can be public, collective, participating, or of equity. While no solitary interpretation envelops the many kinds of socialism, social possession is the one common aspect. The kinds of socialism vary based on the duty of markets as well as planning in resource allocation, on the structure of management in organizations, as well as from below or from above methods, with some socialists favouring a party, state, or technocratic-driven technique. Socialists differ on whether federal government, specifically existing federal government, is the correct vehicle for change.Socialist systems are divided into non-market as well as market kinds. Non-market socia...