Political Science · Political Processes in India
Development in socialism does NOT mean:
AEqual distribution of resources
BEgalitarianism
CCommon ownership of resources
DCompetition ✓ Correct
Correct answer: (D) Competition — Socialism does not rest on competition, so the answer is competition.
Explanation
★Socialism does not rest on competition, so the answer is competition.
★Socialism stresses equality and common ownership.
★It seeks an equal distribution of resources.
★It values co-operation over rivalry.
★Competition for private profit belongs to capitalism.
★So competition is not part of socialist development.
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