The definition of a social welfare policy is social services provided by a government for its citizens. Examples of social welfare in the United States include Medicare, Medicaid, ...
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...
Socialism is a variety of social and economic systems characterised by social
ownership and democratic control of the means of production; as well as the ...
a way of organizing a society in which major industries are owned and controlled
by the government rather than by individual people and companies.
is a political term applied to an economic system in which property is held in common and not individually, and relationships are governed by a political hierarchy. Regardless of the picture painted of socialism
by its proponents, it ultimately re... More »
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 ...
a theory or system of social organization that advocates the vesting of the
ownership and control of the means of production and distribution, of capital, land
, etc., ...
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
Top Definition. socialism. Actual: An economic system in between capitalism and
communism, advocating collective ownership of the means of production and ...
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 ...