Word Explorer

Socialism

/ˈsəʊʃəlɪzəm/

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

📖 Definitions of "Socialism"

noun
  1. 1

    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

    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

    Any left-wing ideology, government regulations, or policies promoting a welfare state, nationalisation, etc.

Translate “Socialism” into Another Language

Pick a language — the word will be pre-filled in the translator.

Home/Dictionary/Socialism