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Definition of socialism
1 : any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods. 2a : a system of society or group living in which there is no private property.An economic system in which the means of production are controlled by the state.
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What is socialist in English?
Definition of socialism
1 : any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods. 2a : a system of society or group living in which there is no private property.
What is socialism Oxford dictionary?
An economic system in which the means of production are controlled by the state.
Is communism the same as socialism?
The main difference is that under communism, most property and economic resources are owned and controlled by the state (rather than individual citizens); under socialism, all citizens share equally in economic resources as allocated by a democratically-elected government.
Is socialistic a word?
Socialistic is an adjective used to describe things involving socialism, which is an ideology or system based on the collective, public ownership and control of the resources used to make and distribute goods or provide services.
What is the opposite to socialism?
In a capitalist economy, property and businesses are owned and controlled by individuals. The production and prices of goods and services are determined by how much demand they generate and how difficult they are to produce.
What is socialism vs capitalism?
Capitalism is based on individual initiative and favors market mechanisms over government intervention, while socialism is based on government planning and limitations on private control of resources.
What is a simple example of socialism?
Zambia’s healthcare is universal and, therefore, an example of socialism. Turkmenistan is a strong example of socialism with energy subsidized by the government, many housing subsidies and an economy that is largely state-run.
What are the 3 types of socialism?
- Utopian socialism.
- Communism.
- Marxism.
- Anarchism.
Is socialism a form of government?
Socialist parties and ideas remain a political force with varying degrees of power and influence on all continents, heading national governments in many countries around the world. Today, many socialists have also adopted the causes of other social movements such as feminism, environmentalism and progressivism.
Who invented socialism?
Marx and Engels developed a body of ideas which they called scientific socialism, more commonly called Marxism. Marxism comprised a theory of history (historical materialism), a critique of political economy, as well as a political, and philosophical theory.
What countries are communist?
Today, the existing communist states in the world are in China, Cuba, Laos, and Vietnam. These communist states often do not claim to have achieved socialism or communism in their countries but to be building and working toward the establishment of socialism in their countries.
How does communism differ from capitalism?
Capitalism is an economic system in which the trade and industry of the economy is owned and controlled by private individuals, to make profit. Communism refers to social system in which country’s trade and industry are controlled by the community and the share of each individual relies on his ability and needs.
What do you understand by capitalism?
Capitalism is often thought of as an economic system in which private actors own and control property in accord with their interests, and demand and supply freely set prices in markets in a way that can serve the best interests of society. The essential feature of capitalism is the motive to make a profit.
What is the meaning of socialist in preamble?
The term ‘Socialist’ in the Preamble was added by 42nd Amendment Act, 1976. It provides that the State has a responsibility towards citizen for their welfare, abolishing discrimination, nationalization of means of Production, equal distribution of wealth and securing Justice for all.
how to pronounce socialism
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How to pronounce SOCIALISM in British English – YouTube
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Socialism Definition & Meaning – Merriam-Webster
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Socialism vs Social Democracy Usage Guide
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how to pronounce socialism
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How to pronounce COMMUNISM in British English – YouTube
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How to pronounce COMMUNISM in British English – YouTube
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How to pronounce Socialism
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Definitions & Translations
How to pronounce socialism | HowToPronounce.com
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Socialism Definition & Meaning
In the many years since socialism entered English around 1830, it has acquired several different meanings. It refers to a system of social organization in which private property and the distribution of income are subject to social control, but the conception of that control has varied, and the term has been interpreted in widely diverging ways, ranging from statist to libertarian, from Marxist to liberal. In the modern era, “pure” socialism has been seen only rarely and usually briefly in a few Communist regimes. Far more common are systems of social democracy , now often referred to as democratic socialism, in which extensive state regulation, with limited state ownership, has been employed by democratically elected governments (as in Sweden and Denmark) in the belief that it produces a fair distribution of income without impairing economic growth.
Communism , Socialism , Capitalism , and Democracy
Communism, socialism, capitalism, and democracy are all among our top all-time lookups, and user comments suggest that this is because they are complex, abstract terms often used in opaque ways. They’re frequently compared and contrasted, with communism sometimes equated with socialism, and democracy and capitalism frequently linked.
Part of the confusion stems from the fact that the word communism has been applied to varying political systems over time. When it was first used in English prose in the mid-19th century, communism referred to an economic and political theory that advocated the elimination of private property and the common sharing of all resources among a group of people; in this use, it was often used interchangeably with the word socialism by 19th-century writers.
The differences between communism and socialism are still debated, but generally English speakers use communism to talk about the political and economic ideologies that find their origin in Karl Marx’s theory of revolutionary socialism, which advocates a proletariat overthrow of capitalist structures within a society; societal and communal ownership and governance of the means of production; and the eventual establishment of a classless society. The most well-known expression of Marx’s theories is the 20th-century Bolshevism of the U.S.S.R., in which the state, through a single authoritarian party, controlled a society’s economic and social activities with the goal of realizing Marx’s theories. Socialism, meanwhile, is most often used in modern English to refer to a system of social organization in which private property and the distribution of income are subject to social control. (The term is also often used in the phrase democratic socialism, which is discussed here.)
Communism and socialism are both frequently contrasted with capitalism and democracy, though these can be false equivalencies depending on the usage. Capitalism refers to an economic system in which a society’s means of production are held by private individuals or organizations, not the government, and where products, prices, and the distribution of goods are determined mainly by competition in a free market. As an economic system, it can be contrasted with the economic system of communism, though as we have noted, the word communism is used of both political and economic systems. Democracy refers not to an economic system but to a system of government in which supreme power is vested in the people and exercised through a system of direct or indirect representation which is decided through periodic free elections. (For discussion about whether the United States is accurately described as a democracy or as a republic, see the article here.)
Readers should consult the individual entries for a full treatment of the various ways in which each of these four words is used.
Oxford Advanced Learner’s Dictionary at OxfordLearnersDictionaries.com
a set of political and economic theories based on the belief that everyone has an equal right to a share of a country’s wealth and that the government should own and control the main industries
They are trying to build socialism in their own country.
Marx claimed that his was the first scientific socialism.
Wordfinder capitalism
communism
democracy
dictatorship
fascism
imperialism
liberal
radical
socialism
Topics Politics c1
Oxford Collocations Dictionary adjective democratic
revolutionary
scientific
… verb + socialism build
establish preposition under socialism See full entry
How to pronounce socialism in English
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