Question

what is meant by the term socialist

Answer 1

A person who advocates or practices socialism is called a socialist.

Answer 2

Answer:

The term socialist refers to democratic socialism, i.e. achievement of socialist goals through democratic, evolutionary and non-violent means. Essentially, it means that (since wealth is generated socially) wealth should be shared equally by society through distributive justice, not concentrated in the hands of few, and that the government should regulate the ownership of land and industry to reduce socio-economic inequalities.