 things to evolve. In our previous session, we had discussed the concept of individualism. In this part, we will discuss the concept of socialism, its meaning, research, marriage and demerits. The term socialism is derived from the Greek word socius, which means society. This theory may be said to be the reaction against individualism. It regards the state as an agency for promoting supreme good of the people. It believes that the state should perform maximum functions. It regards the state to be a good institution which works for welfare of all. We are talking about the concept of homaz-bad. We are discussing the concept of homaz-bad or the different types of homo-bad. The concept of homaz-bad is based on the Greek word socia. This is the meaning of homaz-society. The concept of homaz-bad is based on the Greek word socia or the different types of homo-bad. The concept of homaz-bad is based on the Greek word socia or the different types of homo-bad. The concept of homo-bad is based on the Greek word socia or the different types of homo-bad. Sociology recognizes the supremacy of the society. It wants that the state should be the owner of land and capital in the society. It substitutes private ownership by state ownership. It wants to end inequalities and to establish equality and justice in the society. The concept of homo-bad is based on the Greek word socia or the different types of homo-bad. The main exponent of socialism were Robert Wayne, Eddard Bernstein, GDH school, Chidney Webb and Karl Marx. The features of socialism. Homaz-bad is based on the Greek word socia or the different types of homo-bad. Supremacy of the society. As the very word is saying that the exponent of the social regime always try to establish the supremacy of the society. Today the society should be the supreme authority of all the activities or properties in the state. Social interest is of greater importance than individual interest. Homaz-bad is based on the Greek word socia or the different types of homo-bad. So the state should be supreme. The state ownership of land and capital. Socia is the reason belief in the state ownership of land and capital in the society. It says that capital should be socialized in the interest of all. It is against private capital and private ownership. If the state has a subordinate or an industrial basis, it is also against the individual basis. If the state is an industrial basis, it is also against the individual basis. It is against the industrial basis. So the state is against the individual basis. So socialism stands for equality and justice for all. It stands for equality and justice for all. It is against economic inequality and exploitation in the society. It wants to establish a new economic order where all will have economic security. Socialism wants the state to take measures for the welfare of all. It must work as a guardian of the interests of the people in the society. Socialism is against competition and not competition. Socialism never wants any competition in the field of economy. Instead of it, it always stands for cooperation among the people. It believes that competition in the economic field increases the gap between the rich and the poor. So competition must be ableist. Now we should go to the merits of individualism. Socialism stands for the welfare of all and not for the welfare of a few. Socialism is realistic and it deserves to make the best use of the state for collective good. It wants to protect economic interests of all. It is against private property and private ownership in the society. Thus it wants to end the unhealthy competition in the economic field. Then we may say that socialism wants state control over the means of production and distribution. So that all can have access to resources and capital of the society. Socialism is close to democracy. It stands for democratic ideals of liberty, equality and justice for all. Thus it wants to bring about positive changes in the society by peaceful means. Now we should proceed to the merits of socialism. In this regard we may say that socialism makes the state powerful by allowing it to perform maximum functions which may lead to the rise of an authoritarian state which is harmful for common interests of the society. This is a very important part of socialism. This is a very important part of socialism which may lead to the rise of a authoritarian state which is harmful for common interests of the society. Socialism may make the state overburden with work which may lead to inefficiency on the part of the state. Socialism kills individual initiated by taking the responsibility for the around development of the society. This may make the individuals ideal and dependent. Socialism is also said to be against individual liberty. With the increase of state activity the freedom of the individual becomes limited. This is a very important part of socialism which may lead to the rise of a authoritarian state which is harmful for common interests of the society. Socialism is also criticized because it abolishes private property. It is against the natural desire of individuals to acquire property which will discourage individuals to work for better results in the economic field. This is a very important part of socialism which may lead to the rise of a authoritarian state which is harmful for common interests of the society. So these are all regarding the concept of Socialism. I think you have understood the points and this regard. So thank you.