Hello aspirant,

Socialism is an economic organisation of society in which the material means of production are owned by the whole community and operated by representatives of the people, who are responsible to the community according to a general plan, all the members of community being entitled to the benefits from results of it.

Features of socialism are...

. socialism is social or collective ownership of resources

.it is a Fully planned economy

.It is the responsibility of the central planning authority planning

. Good luck