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 ...
1 : any of various economic and political theories advocating collective or
governmental ownership and administration of the means of production and ...
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 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
An economic and political system based on public or collective ownership of the
means of production. Socialism emphasizes equality rather than achievement, ...
Top Definition. socialist. A human being who believes that the most harmonious
state of affairs would be for all to get a fair shot at financial sucess. This belief is ...
1[mass noun] A political and economic theory of social organization which
advocates that the means of production, distribution, and exchange should be
Any of various theories or systems of social organization in which the means of
producing and distributing goods is owned collectively or by a centralized ...
Democratic socialists believe that both the economy and society should be run ...
a real chance at winning elections, which usually means left-wing Democrats.
Socialism—defined as a centrally planned economy in which the ... In fact, Marx
wrote only a few pages about socialism, as either a moral or a practical blueprint