Socialism is a reaction against the A. in equal power between the worker and an employer.
The socialism is a political theory which is mainly based on the ownership and the self-employment. It deals with the social and the economic systems. According to this theory, the ownership can be collective, public, or cooperative. Â
This began during the French Revolution. The socialism lead to many theories such as economic democracy, socialist calculation debate, and so on. Karl Marx, German sociologist played a wide role in socialism.