Meaning & Definition Of Socialism
Socialism is a social system where the means of production are publicly owned and controlled.
- Socialism is a social system where the means of production are publicly owned and controlled. It can be defined as an economic theory that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
- Socialism in its purest form is considered to be a society without classes or private property. However, socialism has been used to refer to various types of economic systems such as democratic socialism, communist socialism, libertarian socialism, etc.
Socialism – Frequently Asked Questions
– What does Socialism stand for?
– What does Socialism mean?
– What is Socialism?
– Socialism Definition / Socialism Meaning