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The meaning of SOCIALISM is any of various egalitarian economic and political theories or movements advocating collective or governmental ownership and administration of the means of production and distribution of goods.
Aug 26, 2021 · Socialism is an economic, social, and political system based on public rather than private ownership of a country’s means of production. Means of production include the machinery, tools, and factories used to produce the goods needed to satisfy human needs.
Socialism is an economic system in which major industries are owned by the workers, rather than by private businesses. It is different from capitalism , where private actors, like business owners and shareholders , can own the means of production.
Oct 10, 2019 · Socialism describes any political or economic theory that says the community, rather than individuals, should own and manage property and natural resources.
Socialism definition: a theory or system of social organization that advocates the ownership and control of the means of production and distribution, capital, land, etc., by the community as a whole, usually through a centralized government.. See examples of SOCIALISM used in a sentence.
an economic, political, and social system that is based on the belief that all people are equal and should share equally in a country's money: It is a culture that is closer to socialism than capitalism.
Jul 7, 2021 · You've probably heard of socialism, but do you know what it is? The term socialism refers to any system in which the production and distribution of goods and services is the shared responsibility of a group of people. Still confused? Get a clear definition of socialism, along with socialism examples and features.
Socialism is a political and economic system wherein property and resources are owned in common or by the state.
Socialism is a social and economic doctrine that calls for public rather than private ownership or control of property and natural resources. According to the socialist view, individuals do not live or work in isolation but live in cooperation with one another.
Socialism is a way to organize a society. It deals mostly with the economy, or the part of a society that creates wealth. The goal of socialism is to spread wealth more evenly and to treat all people fairly. People have had different ideas about how to create a socialist society.
