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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"
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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.
Jun 26, 2024 · socialism, social and economic doctrine that calls for public rather than private ownership or control of property and natural resources.
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.
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.
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. The term “socialism” has been...
Dec 18, 2023 · Socialism is a populist economic and political system based on collective, common, or public ownership of the means of production. Those means of production include the...
In his Dictionary of Socialism (1924), Angelo S. Rappoport analysed forty definitions of socialism to conclude that common elements of socialism include general criticism of the social effects of private ownership and control of capital—as being the cause of poverty, low wages, unemployment, economic and social inequality and a lack of ...
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.
Jul 15, 2019 · Socialism. Socialism is a rich tradition of political thought and practice, the history of which contains a vast number of views and theories, often differing in many of their conceptual, empirical, and normative commitments.
Socialism and Capitalism: Basic Institutional Contrasts. Considered as an economic system, socialism is best understood in contrast with capitalism. Capitalism designates an economic system with all of the following features: The means of production are, for the most part, privately owned;
