Questions what is the main features of the socialist economy?

Explain main features of Scientific Socialism

Key words: Darwin and Natural, Selection utopian socialism, Social-political-economical society

Socialism is a political , social and economic  philosophy encompassing a range of economic and social system characterised by social ownership of the means of production and democratic control or workers’ self-management of enterprises.It includes the political theories and movements associated with such systems.Social ownership can be public, collective, corporative, or of equity.While no single definition encapsulates the many types of socialism ,social ownership is the one common element. Socialists disagree about the degree to which social control or regulation of the economy is necessary, how far society should intervene and whether government, particularly existing government, is the correct vehicle for change.

Socialist systems are divided into non-market and market  forms.Non-market socialism substitutes factor market and money with integrated economic planning and engineering or technical criteria based on calculation performed in-kind, thereby producing a different economic mechanism that functions according to different economic laws and dynamics than those of capitalism. A non-market socialist system eliminates the inefficiencies and crises traditionally associated with capital accumulation and the profit system in capitalism.The socialist calculation debate, originated by the economic calculation problem,concerns the feasibility and methods of resource allocation for a planned socialist system.By contrast, market socialism retains the use of monetary prices, factor markets and in some cases the profit motive, with respect to the operation of socially owned enterprises and the allocation of capital goods between them. Profits generated by these firms would be controlled directly by the workforce of each firm or accrue to society at large in the form of a social dividend.Anarchism and libertarian socialism oppose the use of the state as a means to establish socialism, favouring decentralization above all, whether to establish non-market socialism or market socialism.

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