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- 1. full name of Soviet Union
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A socialist state, socialist republic, or socialist country, sometimes referred to as a workers' state or workers' republic, is a sovereign state constitutionally dedicated to the establishment of socialism.
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Jun 26, 2024 · socialism, social and economic doctrine that calls for public rather than private ownership or control of property and natural resources.
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....
List of socialist states - Wikipedia. Several past and present states have declared themselves socialist states or in the process of building socialism. The majority of self-declared socialist countries have been Marxist–Leninist or inspired by it, following the model of the Soviet Union or some form of people's or national democracy.
CountrySinceDurationForm Of Government3 July 196262 years, 4 daysMulti-party semi-presidential republic11 April 197153 years, 87 daysMulti-party parliamentary republic24 May 199133 years, 44 daysOne-party presidential republic24 September 197350 years, 287 daysMulti-party semi-presidential republicBroadly speaking, socialism is a political and economic theory that seeks to close the gap between a nation's rich and poor by ensuring that the means of production, distribution, and exchange of goods and services are publicly owned, not privately owned, so that the profits are shared by all, not hoarded by a few rich owners.
May 5, 2024 · The main difference is that under communism, most property and economic resources are owned and controlled by the state (rather than individual citizens); under socialism, all citizens share equally in economic resources as allocated by a democratically-elected government. This difference and others are outlined in the table below. Key Similarities
Socialism is an economic and political philosophy encompassing diverse economic and social systems [1] characterised by social ownership of the means of production, [2] as opposed to private ownership. [3] [4] [5] It describes the economic, political, and social theories and movements associated with the implementation of such systems. [6]
