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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.
SOCIALISM definition: 1. the set of beliefs that states that all people are equal and should share equally in a country's…. Learn more.
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 economic security; a general view that the solution to ...
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Socialist concepts embracing common or public ownership of production date as far back as Moses and formed a major part of the ancient Greek philosopher Plato’s theory of utopianism. However, Socialism as a political doctrine evolved during the late 18th and 19th centuries in opposition to the abuses of uncontrolled capitalistic individualism arisi...
While Socialism has historically generated a vast number of differing views and theories, the five common characteristics defining a socialist system include: Collective Ownership:In a pure socialist society, the factors of production are owned equally by everyone in the society. The four factors of production are labor, capital goods, natural reso...
Though the ideologies and goals of Socialism and capitalism seem incompatible, the economies of most modern capitalist economies display some socialist aspects. In these cases, a free-market economy and a socialist economy become combined into a “mixed economy,” in which both the government and private individuals influence the production and distr...
“Socialism .” Stanford Encyclopedia of Philosophy, July 15, 2019, https://plato.stanford.edu/entries/Socialism /#SociCapi.Rappoport, Angelo. “Dictionary of Socialism.”London: T. Fischer Unwin, 1924.Hoppe, Hans Hermann. “A Theory of Socialism and Capitalism.”Kluwer Academic Publishers, 1988, ISBN 0898382793.Roy, Avik. “European Socialism: Why America Doesn't Want It.” Forbes, October 25, 2012,- Robert Longley
3 meanings: 1. an economic theory or system in which the means of production, distribution, and exchange are owned by the.... Click for more definitions.
Socialism is based on the idea that common or public ownership of resources and means of production leads to a more equal society. General Socialism In defining socialism, it's imporant to first define capitalism. Capitalism is based on private ownership of resources and means of production, and individual choices in a free market.
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Define socialism. socialism synonyms, socialism pronunciation, socialism translation, English dictionary definition of socialism. n. 1. Any of various theories or ...
