Definition Of Socialism Webster

Learners definition of SOCIALISM. A theory or system of social reform which contemplates a complete reconstruction of society with a more just and equitable distribution of property and labor.

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Socialism is defined as an economic theory system or movement where the production and distribution of goods is done owned and shared by the citizens of a society.

Definition of socialism webster. How to use democratic socialism in a sentence. Socialism is an ideology or system based on the collective public ownership and control of the resources used to make and distribute goods or provide services. Other Words from socialist Synonyms Antonyms Example.

Socialism - a political theory advocating state ownership of industry. A theory advocating elimination of private property. A political movement advocating a gradual and peaceful transition from capitalism to socialism by democratic means.

One who advocates or practices the doctrines of socialism. One who advocates or practices socialism. A doctrine based on revolutionary Marxian socialism and Marxism-Leninism that was the official ideology of the USSR.

A system in which goods are owned in common and are available to all as needed. A theory or system of social organization advocating placing the ownership and control of capital land and means of production in the community as a whole. Socialism - an economic system based on state ownership of capital.

Thats a far cry from true socialism which is defined as support for governmental ownership and administration of the means of production and distribution of goods. This involves ownership of such things not by private individuals but by the public the community as a whole often in the form of a centralized government. A political movement that uses principles of democracy to change a capitalist country to a socialist one.

Other Words from social democracy Socialism vs. Pertaining to or of the nature of socialism. Capitalism capitalist economy - an economic system based on private ownership of capital.

A democratic welfare state that incorporates both capitalist and socialist practices. A system of society or group living in which there is no private property. A member of a party or political group advocating socialism.

Democratic socialism definition is - social democracy. Socialism is an economic system characterised by social ownership of the means of production and co-operative management of the economy. In popular usage the term is often employed to indicate any lawless revolutionary social scheme.

A way of organizing an economy so that the things that are used to make and transport products such as land oil factories ships etc are owned by individual people and companies rather than by the government compare communism socialism. Socialism Definition by Merriam-Webster Dictionary. Socialism definition by Merriam-Webster Dictionary is given as A form of government in which instead of individual people and companies owning industries they are controlled by the government itself.

A country that uses both capitalist and socialist practices. A way of organizing a society in which major industries are owned and controlled by the government rather than by individual people and companies compare capitalism communism. Usage Guide Example Sentences Learn More About social democracy.

Far more common are systems of social democracy now often referred to as democratic socialism in which extensive state regulation with limited state ownership has been employed by. Social ownership may refer to cooperative enterprises common ownership state ownership or citizen ownership of equity. Any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods.

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