A2 noun #1,389 most common

socialism

UK /ˈsəʊʃəlɪzəm/ | US /ˈsəʊʃəlɪzəm/

Any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods.

socialism in 30 Seconds

  • (noun) Any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods.
  • (noun) The intermediate phase of social development between capitalism and communism in Marxist theory in which the state has control of the means of production.
  • (noun) Any left-wing ideology, government regulations, or policies promoting a welfare state, nationalisation, etc.

Meanings

  1. 1
    noun Any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods.
  2. 2
    noun The intermediate phase of social development between capitalism and communism in Marxist theory in which the state has control of the means of production.
  3. 3
    noun Any left-wing ideology, government regulations, or policies promoting a welfare state, nationalisation, etc.

Antonyms

capitalism free enterprise
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