18.1.3 Socialism

QuestionAnswer
a subtype of socialism that adopts certain traits of capitalism, like allowing limited private ownership or consulting market demand
market socialism
a form of socialism under which individuals and cooperative groups exchange products with one another on the basis of mutually satisfactory contracts
mutualism
an economic system in which there is government ownership (often referred to as “state run”) of goods and their production, with an impetus to share work and wealth equally among the members of a society
socialism

The content of this course has been taken from the free Sociology textbook by Openstax