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 …

By 1888, Marxists employed socialism in place of communism as the latter had come to be considered an old-fashioned synonym for socialism. It was not until after the Bolshevik …

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 …

Aug 1, 2025 · Socialism is an economic system emphasizing collective or public ownership of the means of production, aiming for economic equality and reducing wealth disparities.

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.

Oct 10, 2019 · The term “socialism” has been applied to very different economic and political systems throughout history, including utopianism, anarchism, Soviet communism and social …

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.

SOCIALISM definition: 1. the set of beliefs that states that all people are equal and should share equally in a country's…. Learn more.

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 both an economic system and an ideology (in the non-pejorative sense of that term). A socialist economy features social rather than private ownership of the means of production.