Question

A socialist form government is where the goods and services are equally shared , and the political power is distributed among the people

Answer 1

Yes, this is true, at least in theory.

In the socialist system, the property is in the hands of all the people, in a shared way. This means that all the goods, services, infrastructure and other things are owned by all the people, together.

The political power is also in the hands of the people, at least in theory, and the people are represented by the party.