⚖️socialism

Meaning

a political and economic system in which the means of production are owned or regulated by the community as a whole

An economic system where the means of production are owned by the state or community.

Example Sentences

Socialism advocates for collective ownership of resources.

In socialism, resources are distributed equally among citizens.

Synonyms

collectivism, communism, leftism, state ownership, Collectivism, Public Ownership, State Control

Entry 1

collectivism, communism, leftism, state ownership

Entry 2

Collectivism, Public Ownership, State Control

Antonyms

capitalism, privatization, Capitalism, Free Market, Privatization

Entry 1

capitalism, privatization

Entry 2

Capitalism, Free Market, Privatization

Collocations

embrace socialism, socialism theory, socialism system