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- Dictionarysocialism/ˈsəʊʃəlɪz(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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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.
Jun 26, 2024 · socialism, 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 an economic and political philosophy encompassing diverse economic and social systems characterised by social ownership of the means of production, as opposed to private ownership. It describes the economic, political, and social theories and movements associated with the implementation of such systems.
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.
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...
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 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.
Socialism is, broadly speaking, a political and economic system in which property and the means of production are owned in common, typically controlled by the state or government. Socialism is based on the idea that common or public ownership of resources and means of production leads to a more equal society.
The meaning of SOCIALIST is one who advocates or practices socialism.
Socialism is an economic system in which major industries are owned by 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.
