Socialism in the economic world, refers to the subordination of individual liberty to the general welfare.
Option B is correct.
What's socialism?
Socialism is an profitable and political system where the workers or the government enjoy the structures and tools that make goods and services like granges and manufactories. This can be achieved through decentralized and direct worker- power, or through centralized state- power of the means of product.
What's an illustration of socialism?
exemplifications of socialism include public structure, social security, public transportation, and fire protection services among others. The socialist testament is extensively visible in the US, indeed if we do not suppose about it every day, and indeed if we tend to suppose of the nation as being a fortification of capitalism.
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