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by rich99
Last updated 8 years ago

Social Studies
World History

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Socialism: is an economic system characterised by social ownership of the means of production and co-operative management of the economy. "Social ownership" may refer to cooperative enterprises, common ownership, state ownership, citizen ownership of equity, or any combination of these. ""


The countries who still use socialism are Pepoles Republic of China, Republic of Cuba,Lao Peoples Democratic Republic, Socialist Republic of Vietnam. There were also many other countries who used such as Afghanistan, Albania, Madagascar

A socialist economic system has to contain a system of production and give it directly to the people of the country rather then the private company's. Most people think that scocialism is just one idea but socialsim doesn't have just one set idea. They mostly differ by the people who are running that government.



  • Kiomomo 8 years ago

    Kiomomo's avatar

    love your video

  • Jbecks1 8 years ago

    Jbecks1's avatar

    This video was fantastic. The overall presentation though was lacking. You seem to have been looking for the "right" answer so much that you forgot the big picture. You forgot the real reason behind why we glog.

  • Jbecks1 8 years ago

    Jbecks1's avatar

    After reviewing this glog for 8 hours now, I have reached the same conclusion. Your quest for approval and acceptance in the pretentious world of academia has led you astray from the real moral purpose. Therefore, after much deliberation I have determined this glog deserves a 1 star rating. However, as a common courtesy, I will rate it officially as a two star glog to appease the always watching overlords who subjectively determine the value of this presentation.