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- DictionarySo·cial·ism/ˈsōSHəˌliz(ə)m/
noun
- 1. a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole: "we want a real democratic and pluralist left party—one which unites all those who believe in socialism"
Aug 26, 2021 · Socialism is an economic, social, and political theory advocating collective or governmental control and administration of a country’s means of economic production.
socialism. An economic system in which the production and distribution of goods are controlled substantially by the government rather than by private enterprise, and in which cooperation rather than competition guides economic activity. There are many varieties of socialism.
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....
Jul 15, 2019 · In contrast to capitalism, socialism can be defined as a type of society in which, at a minimum, (i) is turned into (i*): (i*)The bulk of the means of production is under social, democratic control. Changes with regard to features (ii), (iii), and (v) are hotly debated amongst socialists.
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.
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.
