Economic system which is based on cooperation rather than competition and which utilizes centralized planning and distribution.
Related information about socialism:
- Socialism - Wikipedia, the free encyclopedia
Socialism is an economic system characterised by social ownership of the means of production and co-operative management of the economy, and a political ...
- Democratic socialism - Wikipedia, the free encyclopedia
Democratic socialism is a variant of socialism that rejects centralized, elitist or authoritarian means of transitioning from capitalism to socialism but rather for the ...
- Socialism - Merriam-Webster Online
any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of ...
- socialism -- Britannica Online Encyclopedia
Social and economic doctrine that calls for public rather than private ownership or control of property and natural resources. According to the socialist view, ...
- Socialism: The Concise Encyclopedia of Economics | Library of ...
Yet the idea and the ideal of socialism linger on. Whether socialism in some form will eventually return as a major organizing force in human affairs is unknown, ...
- What is Socialism? – World Socialist Movement
Aug 13, 2006 ... Socialism means a global system of social organization based on common ownership, democratic control by all, production for use, and free ...
- Socialism | Define Socialism at Dictionary.com
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., ...
- socialism - definition of socialism by the Free Online Dictionary ...
so·cial·ism (s sh -l z m). n. 1. Any of various theories or systems of social organization in which the means of producing and distributing goods is owned ...