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Socialism is an economic and political philosophy encompassing diverse economic and social systems characterised by social ownership of the means of production, as opposed to private ownership. It describes the economic, political, and social theories and movements associated with the implementation of such systems.
Jun 26, 2024 · socialism, social and economic doctrine that calls for public rather than private ownership or control of property and natural resources.
Oct 10, 2019 · Socialism describes any political or economic theory that says the community, rather than individuals, should own and manage property and natural resources. The term “socialism” has been ...
Aug 26, 2021 · Socialism is an economic, social, and political system based on public rather than private ownership of a country’s means of production. Means of production include the machinery, tools, and factories used to produce the goods needed to satisfy human needs.
Dec 18, 2023 · Socialism is an economic and political system based on public or collective ownership of the means of production and that emphasizes economic equality.
