Question

What is the socialism?

Answer 1

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

Answer 2

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

synonyms:leftism, Fabianism, syndicalism, consumer socialism, utopian socialism, welfarism; More

policy or practice based on the political and economic theory of socialism.

synonyms:leftism, Fabianism, syndicalism, consumer socialism, utopian socialism, welfarism; More

(in Marxist theory) a transitional social state between the overthrow of capitalism and the realization of Communism.