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socialism

Browse the Dictionary:: A; B; C; D; E; F; G; H; I; J; K; L; M; N; O; P; Q; R; S; T; U; V; W; X; Y; Z; #

socialism

Main Entry:: so·cial·ism
Pronunciation:: \ˈsō-shə-ˌli-zəm\
Function:: noun
Date:: 1837

1: any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods2 a: a system of society or group living in which there is no private property b: a system or condition of society in which the means of production are owned and controlled by the state3: a stage of society in Marxist theory transitional between capitalism and communism and distinguished by unequal distribution of goods and pay according to work done

Learn more about "socialism" and related topics at Britannica.com

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