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26 Αυγ 2021 · Today, elements of socialist economic systems—health insurance, retirement support, and access to free higher education—exist in several states, mainly in Europe and Latin America.
28 Οκτ 2024 · socialism, social and economic doctrine that calls for public rather than private ownership or control of property and natural resources.
7 Ιουλ 2021 · The term socialism refers to any system in which the production and distribution of goods and services is the shared responsibility of a group of people. Still confused? Get a clear definition of socialism, along with socialism examples and features.
4 Φεβ 2020 · Socialism represents the awareness of employees that their sufferings and limitations come less from their employers than from the capitalist system. That system prescribes incentives and options...
Socialism is an economic system in which major industries are owned by workers rather than by private businesses. It is different from capitalism, where private actors, like business owners and shareholders, can own the means of production. The state can also act as a capitalist by owning the means of production and by directing the economy.
9 Ιουν 2023 · Socialism is a political worldview that prioritizes the social ownership of the means of production rather than ownership by private individuals or corporations. It's more geared towards public satisfaction rather than the accumulation of profit.
In simple terms, socialism can be defined as a democratic economy and political system based on combined, common, or general ownership of the means of production. Those means of production include the machinery, tools, and factories used to produce goods that aim straight away to satisfy and meet human needs.
