Socialism Definition

sōshə-lĭzəm
noun
Any of various theories or systems of the ownership and operation of the means of production and distribution by society or the community rather than by private individuals, with all members of society or the community sharing in the work and the products.
Webster's New World
A political movement for establishing such a system.
Webster's New World
In Marxist doctrine, the stage of society coming between the capitalist and the communist stages.
Webster's New World
The doctrines, methods, etc. of the Socialist parties.
Webster's New World
In theory, citizens have equal access to the products and resources and are compensated based on the amount of work performed.
YourDictionary
Synonyms:
Antonyms:
capitalism
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Other Word Forms of Socialism

Noun

Singular:
socialism
Plural:
socialisms

Origin of Socialism

  • Attested since 1832; either from French socialisme or from social +"Ž -ism

    From Wiktionary

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socialism