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e. 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. The term communist state is often used synonymously in the West, specifically when referring to one-party socialist states governed by ...
- List of socialist states
One-party Maoist [nb 8] socialist state. Founded in 1989, Wa...
- State socialism
Socialism. State socialism is a political and economic...
- List of socialist states
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]
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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. The state can also act as a capitalist, by owning the means of production, and by directing the economy.
