Question

Socialists wanted the government to take over the business is that affected most citizens, like railroads, electric power, and telephones. Socialist wanted to re-organize society in new ways.

True
False

Answer 1

True.

Socialism is a form of society that advocates that society as a whole, represented by government, owns the industries, factories and all the means for making a living. Marxism says that socialism is the transitional stage to communism which has some disadvantages such as lack of competition, opportunities, motivation and gives ground for corruption.