Features of Socialism:

Ogburn defines “Socialization is the process by which the individual learns to conform to the norms of the group.” Peter Worsley explains “Socialization as the process of transmission of culture, the process whereby men learn the rules and practices of social groups.

Generally, there are five types of socialization: primary, secondary, developmental, anticipatory and resocialization. This type of socialization happens when a child learns the values, norms and behaviors that should be displayed in order to live accordingly to a specific culture.

• (1) Public Ownership:
• (2) Central Planning:
• (3) Definite Objectives:
• (4) Freedom of Consumption:
• (5) Equality of Income Distribution:
• (6) Planning and the Pricing Process:
• (1) Greater Economic Efficiency:
• (2) Greater Welfare due to Less Inequality of Income:

Economic socialization is described as such; helping children develop the skills to function effectively in global economic world is a challenge. In a more condensed definition economic socialization is; Children and adolescents developmental competencies in understanding and participating in economic process.

What are the Marxist views of socialization? Marxists believe that we are socialised into society by being taught the norms, values and customs of our society. But through our parents (who are also exploited) we are socialised into a traditional gender, working role.

Socialization occurs throughout our life, but some of the most important socialization occurs in childhood. Family is usually considered to be the most important agent of socialization. They not only teach us how to care for ourselves, but also give us our first system of values, norms, and beliefs.

Family is the single most important influence in a child’s life. From their first moments of life, children depend on parents and family to protect them and provide for their needs. Parents and family form a child’s first relationships.