Socialism Definition Simple Words

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

Socialism definition simple words. People have had different ideas about how to create a socialist society. 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. Marxism communism leftism social democracy more synonyms of socialism. Socialism definition a theory or system of social organization that advocates the ownership and control of the means of production and distribution capital land etc by the community as a whole usually through a centralized government.

The government distributes resources giving it greater control over its citizens. It believes that the means of making moving and trading wealth should be owned or controlled by the workers. Socialism is an economic theory in which the means of production distribution and exchange are owned and controlled by society as a whole. Socialism is a way to organize a society.

Socialism in simple terms. A system of society or group living in which there is no private property. Socialism means that we all work together to take care of each other so that everyone has what they need. It values the collective well being of the community rather than individuals.

Socialism is a system that shares economic output equally throughout the population. It deals mostly with the economy or the part of a society that creates wealth. Socialism is an economic and political system. Socialism is a set of left wing political principles whose general aim is to create a system in which everyone has an equal opportunity to benefit from a country s wealth.

The goal of socialism is to spread wealth more evenly and to treat all people fairly. There are eight different kinds of socialism each with their own priorities and economic styles. It is an economic theory of social organization.