According to Richard Ely, Social Democrats demand that:

Means of production should be owned by private individuals

Centralized power on socio-economic issues

The state shouldn't intervene in socio-economic issues

Government should exist for the workers, land/capital should be collectively owned, and

production operations should be carried together.

Respuesta :

Social Democrats demand that Government should exist for the workers, land should be collectively owned, and production operations should be carried together.

What do you understand by Contemporary Socio-financial issues?

Contemporary Socio-financial issues are the difficulties that are looked by the general public. It ought to be noticed that these issues and difficulties adversely affect the economy and the general public all in all.

A portion of the contemporary financial issues that are looked by the general public are destitution, debasement, illteracy, joblessness, and so forth.

These issues represents a test to the public authority and government look for ways of tending to them.

For more information about Socio-financial, refer the following link:

https://brainly.com/question/14006733

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