socialism


socialism
socialism so‧cial‧is‧m [ˈsəʊʆl-ɪzm ǁ ˈsoʊ-] noun [uncountable] ECONOMICS
a system of political beliefs and principles whose main aims are that everyone should have an equal opportunity to share wealth and that industries should be owned by the government:

• Is there a way to combine the efficiency of the market with the values of socialism?

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socialism UK US /ˈsəʊʃəlɪzəm/ noun [U]
POLITICS, ECONOMICS an economic, political, and social system that is based on the belief that all people are equal and should share equally in a country's money: »

It is a culture that is closer to socialism than capitalism.

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Following the collapse of state socialism, there were many questions about how the societies of Central and Eastern Europe would become integrated into international capitalism.

Compare CAPITALISM(Cf. capitalism), COMMUNISM(Cf. ↑communism)

Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • Socialism — socialism …   Dictionary of sociology

  • Socialism — • A system of social and economic organization that would substitute state monopoly for private ownership of the sources of production and means of distribution Catholic Encyclopedia. Kevin Knight. 2006. Socialism     Socialism …   Catholic encyclopedia

  • socialism — SOCIALÍSM s.n. 1. Ansamblul doctrinelor social politice care urmăresc reformarea (reforma) societăţilor umane prin desfiinţarea proprietăţii private asupra mijloacelor de producţie şi de schimb şi punerea acestora sub controlul statului. ♦… …   Dicționar Român

  • Socialism — So cial*ism, n. [Cf. F. socialisme.] 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… …   The Collaborative International Dictionary of English

  • socialism — An economic and social theory that seeks to maximize wealth and opportunity for all people through public ownership and control of industries and social services. Dictionary from West s Encyclopedia of American Law. 2005. socialism …   Law dictionary

  • socialism — 1832, from Fr. socialisme or from SOCIAL (Cf. social) + ISM (Cf. ism). Cf. SOCIALIST (Cf. socialist). Apparently first in reference to Robert Owen s communes. Pierre Leroux (1797 1871), idealistic social reformer and Saint Simonian publicist,… …   Etymology dictionary

  • socialism — [n] socialist government Bolshevism, collective ownership, collectivism, communism, Fabianism, Leninism, Maoism, Marxism, state ownerhsip; concept 301 …   New thesaurus

  • socialism — ► NOUN ▪ a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole. DERIVATIVES socialist noun & adjective socialistic… …   English terms dictionary

  • socialism — [sō′shəl iz΄əm] n. 1. any of various theories or systems of the ownership and operation of the means of production and distribution by society or the community rather than by private individuals, with all members of society or the community… …   English World dictionary

  • Socialism — This article is about socialism as an economic system and political philosophy. For socialism as a specific stage of socioeconomic development in Marxist theory, see Socialism (Marxism) …   Wikipedia