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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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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 [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]
Aug 26, 2021 · Socialism is an economic, social, and political system based on public rather than private ownership of a country’s means of production. Means of production include the machinery, tools, and factories used to produce the goods needed to satisfy human needs.
- Robert Longley
Dec 18, 2023 · Socialism is a system of collective or shared ownership and control of the means of production, opposed to capitalism. Learn about the origins, features, ideals, and challenges of socialism, and see examples of socialist countries.
- Will Kenton
- 2 min
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Socialism is a system of social organization in which the ownership and distribution of property and income are subject to social control. Learn about the different types, theories, and examples of socialism, and how it differs from capitalism, communism, and democracy.
Oct 10, 2019 · Socialism is a political or economic theory that advocates public ownership and management of property and resources. Learn about the history, types and examples of socialism, from ancient Greece to the 21st century.
Feb 7, 2006 · Socialism is a political doctrine that criticizes the existence of social, economic and political inequality in society. Seeking to lessen class inequality, socialists call for a redistribution of power from the affluent owners to the working class.
