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Which one of the following is NOT true of socialism?
1. Socialists analyse society in terms of income distribution
2. It emphasises the centrality of community
3. Socialists believe that class divisions in society are a fact and therefore irremediable
4. It believes that material benefits should be distributed on the basis of need

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Correct Answer - Option 3 : Socialists believe that class divisions in society are a fact and therefore irremediable

The correct answer is option 3.

  • Socialists doen not believe that class divisions in society are a fact and therefore irremediable.
  • Socialism is an ideology that has a range of economic and social systems characterized by social proprietorship and democratic control of means of production.
  • The central concept of socialism is a visualization of human beings as social beings united by their common humanity.

 

  • The difference between communism, capitalism and socialism are as follows-
Communism Capitalism Socialism
No Private Ownership Total Private Ownership Limited PRivate Ownership
Central Government Market Force Government and Private Entities
No class distinction class distinction production for societal needs

 

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