Socialism

['səʊʃəlɪz(ə)m] or ['soʃəlɪzəm]

Definition

(noun.) a political theory advocating state ownership of industry.

(noun.) an economic system based on state ownership of capital.

Checker: Nona--From WordNet

Definition

(n.) A theory or system of social reform which contemplates a complete reconstruction of society, with a more just and equitable distribution of property and labor. In popular usage, the term is often employed to indicate any lawless, revolutionary social scheme. See Communism, Fourierism, Saint-Simonianism, forms of socialism.

Edited by Cecilia

Synonyms and Synonymous

n. Communism, Fourierism, phalansterianism, Saint Simonianism, humanitarianism.

Checked by Justin

Examples

Checked by Elisha

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