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noun

socialism

SOH-shuh-lih-zuhm
noun
1
A political and economic system in which the means of production, distribution, and wealth are owned or controlled collectively, often by the state, rather than by private individuals.
"The party campaigned on a platform of democratic socialism."
"Under socialism, key industries are typically state-owned."

How to Use Socialism

Learner’s notes

In plain EnglishThe idea that a society's wealth and industries should be owned or controlled collectively rather than by private individuals.

Common pairings
democratic socialism under socialism

Word Forms

socialisms plural

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The party campaigned on a platform of democratic _____.

Etymology

First recorded in the 1830s, from French socialisme or built directly from social + -ism.

Related Words

Rhymes for socialism

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