Socialism - definition of socialism by The Free Dictionary.
Definition of socialism. 1: any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods.
Define socialism. socialism synonyms, socialism pronunciation, socialism translation, English dictionary definition of socialism. n. 1. Any of various theories or systems of social organization in which the means of producing and distributing goods is owned collectively or by a.
Socialism is a political, social and economic philosophy encompassing a range of economic and social systems characterised by social ownership of the means of production and workers' self-management of enterprises. It includes the political theories and movements associated with such systems. Social ownership can be public, collective, cooperative or of equity.
That's easy. (Pretty sure I was on the receiving end of this explanation when I was a 10 year old, I'll just rephrase it in Western terms and put in some numbers.) Imagine a factory that makes shoes. There are 90 workers, 9 managers and 1 owner. F.
Socialism is an economic and political system. It is an economic theory of social organization. It believes that the means of making, moving, and trading wealth should be owned or controlled by the workers. This means the money made belongs to the people who make the things, instead of a group of private owners.
I am tired of telling people why redistributive or “socialist” economic policies are wrong. But let me start from the beginning once more and come at it from a different angle—or, really, three different angles. Socialism is bad because it is condescending, inefficient, and immoral. Webster defines “ socialism ” as.
Socialism is a political ideology that features a number of core values - the view that equality of outcome is more important than individual liberty, the belief in the need for an extensive welfare state, the belief in state ownership of the means of production, the strong emphasis on collective working class organisations such as trade unions, and the desire to redistribute wealth and end.
Socialist definition, an advocate or supporter of socialism. See more.
Types of socialism include a range of economic and social systems characterised by social ownership and democratic control of the means of production and organizational self-management of enterprises as well as the political theories and movements associated with socialism.
Socialism is a political system with the aim of creating a society in which everyone has an equal opportunity to benefit from a country's wealth. Under socialism, the country's main industries are usually owned by the state.
Socialism is a populist economic and political system based on the public ownership (also known as collective or common ownership) of the means of production. Those means include the machinery.
Definition of socialism noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. We use cookies to enhance your experience on our website, including to provide targeted advertising and track usage.
Socialism is a socio-economic system in which property and the distribution of wealth are subject to control by the workers, either directly through popular collectives such as workers' councils, or indirectly exercised on behalf of the people by the state, and in which Egalitarianism or equality is an important goal. Thus, under Socialism, the means of production are owned by the state.
