Socialism ( noun , noun , noun )

(As a noun)

Socialism ( noun )

A political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.

Origin:

Mid-19th century: from french socialisme, from social "relating to society" (see social).

Examples:

1. Socialism is a political philosophy that calls for the collective ownership of the means of production and distribution of goods and services.
2. The country's economy is based on socialism, with the government owning the majority of industries.
3. The party promotes socialism as a means of achieving a more equal society.

(As a noun)

Socialism ( noun )

A political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.

Origin:

Mid-19th century: from french socialisme, from social "relating to society" (see social).

Examples:

1. Socialism is a political philosophy that calls for the collective ownership of the means of production and distribution of goods and services.
2. The country's economy is based on socialism, with the government owning the majority of industries.
3. The party promotes socialism as a means of achieving a more equal society.

(As a noun)

Socialism ( noun )

A political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.

Origin:

Mid-19th century: from french socialisme, from social "relating to society" (see social).

Examples:

1. Socialism is a political philosophy that calls for the collective ownership of the means of production and distribution of goods and services.
2. The country's economy is based on socialism, with the government owning the majority of industries.
3. The party promotes socialism as a means of achieving a more equal society.