a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.
procedure or practice in accordance with this theory.
(in Marxist theory) the stage following capitalism in the transition of a society to communism, characterized by the imperfect implementation of collectivist principles.
an economic theory or system in which the means of production, distribution, and exchange are owned by the community collectively, usually through the state. It is characterized by production for use rather than profit, by equality of individual wealth, by the absence of competitive economic activity, and, usually, by government determination of investment, prices, and production levels Compare capitalism
any of various social or political theories or movements in which the common welfare is to be achieved through the establishment of a socialist economic system
(in Leninist theory) a transitional stage after the proletarian revolution in the development of a society from capitalism to communism: characterized by the distribution of income according to work rather than need
An economic system in which the production and distribution of goods are controlled substantially by the government rather than by private enterprise, and in which cooperation rather than competition guides economic activity. There are many varieties of socialism. Some socialists tolerate capitalism, as long as the government maintains the dominant influence over the economy; others insist on an abolition of private enterprise. All communists are socialists, but not all socialists are communists.
noun, Sociology. 1. a state or process in which persons, groups, or cultures lose or do not have communication or cooperation with one another, often resulting in open conflict.
noun 1. an advocate or supporter of socialism. 2. (initial capital letter) a member of the U.S. Socialist party. adjective 3. socialistic. noun 1. a supporter or advocate of socialism or any party promoting socialism (socialist party) adjective 2. of, characteristic of, implementing, or relating to socialism 3. (sometimes capital) of, characteristic of, or relating […]
adjective 1. of or relating to socialists or socialism. 2. in accordance with socialism. 3. advocating or supporting socialism. adjective 1. resembling or sympathizing with socialism
- Socialist international
noun 1. an international association of largely anti-Communist Social Democratic Parties founded in Frankfurt in 1951