what do you mean by term socialism?
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Socialism is an economic and political system. It is an economic theory of social organization. It states that the means of making, moving, and trading wealth should be owned or controlled by the workers. ... Socialists believe that everything in society is made by the cooperative efforts of the people and citizens.
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Explanation:
the set of beliefs that states that all people are equal and should share equally in a country's money, or the political systems based on these beliefs...
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