Socialism is a range of economic and social systems characterised by social ownership and democratic control of the means of production; as well as the ...
Define socialism: a way of organizing a society in which major industries are owned and controlled by the government rather … — socialism in a sentence.
Central to the meaning of socialism is common ownership. This means the resources of the world being owned in common by the entire global population.
Socialism definition, a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, ...
An economic and political system based on public or collective ownership of the means of production. Socialism emphasizes equality rather than achievement, ...
Yet the idea and the ideal of socialism linger on. Whether socialism in some form will eventually return as a major organizing force in human affairs is unknown, ...
Democratic socialists believe that both the economy and society should be run democratically—to meet public needs, not to make profits for a few.
These days, the word socialism gets tossed around so much, it's almost lost all meaning. Originally, though, it was the bedrock of Marxism and meant that ...