Socialism
Pronunciation: /ˈsoʊʃəˌlɪzəm/
Socialism (noun)
- A system where the government or community owns and controls businesses and resources.
- A political movement aiming for equal distribution of wealth and power in society.
Examples
- Socialism advocates for shared ownership of resources.
- In socialism, shared ownership aims to reduce inequality.
Common collocations: shared ownership, economic equality, collective control, political movement, social reforms