Socialism Is Defined as

Multiple Choice

Socialism is defined as

A) a totalitarian political system in which one or a few people control all government and economic decisions.
B) a political system in which the masses (the people) rule-i.e., make all political decisions.
C) an economic system in which the means of producing goods and services are collectively owned.
D) an economic system based on commercialization of the means of production-i.e., private individuals invest money in public businesses.