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An economic and political system based on public or collective ownership of the means of production. Socialism emphasizes equality rather than achievement, and values workers by the amount of time they put in rather than by the amount of value they p... More »


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.


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 ...


Definition of socialism: An economic system in which goods and services are provided through a central system of cooperative and/or government ownership ...


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,  ...


socialism definition, meaning, what is socialism: the set of beliefs that states that all people are equal and should share equally in a…. Learn more.


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 ...


a political and economic theory of social organization wh... Meaning, pronunciation, example sentences, and more from Oxford Dictionaries.


Socialists usually have less orthodox oppinions than communists, though a person can be both. ... Current meaning: social-democrat; democratic socialist