Simple Definition of socialism

from our Learner's Dictionary

socialism

noun

ˈsoʊʃəˌlɪzəm

: a way of organizing a society in which major industries are owned and controlled by the government rather than by individual people and companies

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“Socialism.” Merriam-Webster.com Simple Definition, Merriam-Webster, https://www.merriam-webster.com/simple/socialism. Accessed 9 Sep. 2026.

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