socialism meaning
ENWSocialism
- Socialism is a social and economic system characterised by social ownership of the means of production and co-operative management of the economy, as well as a political theory and movement that aims at the establishment of such a system.
- A socialist economy is based on the principle of production for use, to directly satisfy economic demand and human needs, and objects are valued by their use-value, as opposed to the principle of production for profit and accumulation of capital.
- The socialist political movement includes a diverse array of political philosophies. Core dichotomies include reformism versus revolutionary socialism, and state socialism versus libertarian socialism.
- NounPLsocialismsSUF-ism
- (Marxism) The intermediate phase of social development between capitalism and full communism in Marxist theory in which the state has control of the means of production.
- Any of several later political philosophies such as libertarian socialism, democratic socialism, and social democracy which do not envisage the need for full state ownership of the means of production nor transition to full communism, and which are typically based on principles of community decision making, social equality and the avoidance of economic and social exclusion, with economic policy giving first preference to community goals over individual ones.
- (Marxism) The intermediate phase of social development between capitalism and full communism in Marxist theory in which the state has control of the means of production.
- More Examples
- Used in the Middle of Sentence
- One solution, which his own England would later half-embrace, was socialism or collectivism, “in which the means of production” are “in the hands of the political officers of the community.
- Only in 2007 they are less about pure socialism than a kind of suburbanized version of it.
- Used in the Middle of Sentence
Definition of socialism in English Dictionary
- Part-of-Speech Hierarchy
- Morphemes
- Suffixes
- Words by suffix
- Words suffixed with -ism
- Words suffixed with -ism
- Words by suffix
- Suffixes
- Nouns
- Countable nouns
- Singularia tantum
- Uncountable nouns
- Uncountable nouns
- Countable nouns
- Morphemes
Source: Wiktionary
Grammatically, this word "socialism" is a morpheme, more specifically, a suffixe. It's also a noun, more specifically, a countable noun and a singularia tantum.