What is Socialist country?
{{multiple issues| {{cleanup|reason=|date=August 2024}} {{confusing|date=August 2024}} {{more sources|date=August 2024}} {{wikify|date=August 2024}} }} A '''socialist country''' is a [[sovereign state]] in which everyone in society equally owns the [[factors of production]]. In a [[Socialism|socialist]] state, the distribution of [[resources]] and their allocation is by the State itself. Here, the state gives people items and goods. The state also makes sure that [[Social class|each class]] gets access to goods too. The four factors of production are [[Labour (economics)|labor]], [[capital goods]], [[Natural resource|natural resources]] and [[Entrepreneur|entrepreneurship]]. In a socialist country, people account for own needs and other needs. The resources of the country go to both types of needs. Social needs include things like [[education]], [[healthcare]], defense, [[transportation]] and the preservation of [[Natural resource|natural resources]], as well as caring for people who can't contribute to production (such as children, the [[Old age|elderly]] and the [[Disability|disabled]]). Theoretically, everyone in a socialist society receives a share of the production based on their individual needs. A socialist country is vastly different from countries that practice [[capitalism]]. The main goal of a socialist society is to end [[exploitation]] and improve the [[quality of life]] of their citizens. In a socialist society the logic of the [[profit]] doesn’t exist, so (in theory) they hope things will be cheaper and equal. However, in practice, socialism has repeatedly led to a centralized power grab, higher prices, increased [[poverty]], lowered [[Product (business)|production]], and squalor. The reason for this discrepancy between idealism and practice, is due to the psychology of human behavior. People naturally work harder when they directly benefit; socialism takes away this incentive. Government spends money less efficiently than individuals do, and also more [[Corruption|corruptly]], with special i