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Monopoly socialism10/20/2023 Members of the community receive a share of the national pie once a percentage is taken off for the purpose of communal development. For this reason, individuals in a socialistic society tend to work very hard. The rule of engagement in a socialistic system is that each person receives and contributes according to his ability. ![]() Socialism has also been demonstrated through a cooperative system in which each member of the society owns a share of communal resources. Such a form of ownership is granted through a democratic system of governance. ![]() Socialism is a system in which every person in the community has an equal share of the various elements of production, distribution, and exchange of resources.
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