economic theory or system in which production should be for the public good rather than private profit.
Economic system which is based on cooperation rather than competition and which utilizes centralized planning and distribution. see also capitalism, command economy.
A social system in which the means of production and distribution are owned collectively and political power is exercised by the whole community (political power is exercised by the government on behalf of the people). The building of the material base for communism under the dictatorship of the proletariat in Marxist-Leninist theory. (also see Collectivism)
System of government where the state plans and controls the economy and collectively owns the means of producing and distributing goods.
A state based on dictatorship of the proletariat and collective ownership of the means of production. Government favors peaceful methods to achieve their goals and anticipates no need for sudden change.
A political and economic theory of social organisation that advocates that the community as a whole should own and control the means of production.
an economic system in which the government owns and controls all the capital and makes decisions about prices and quantities as part of a central plan.
a backlash against the emergence of individualism and fragmentation of society it was a move towards cooperation and a sense of community, the key ideas were panning, greater economic equality and state regulation of property. (p. 764)
A system of economics in which all wealth is distributed equally by the state. Although based on motives of compassion, socialism is often marked by corruption, stagnating industries, and problems in the distribution of goods. It can also be antithetical to personal liberty, due to restrictions on the ownership of property. Society: A population of people living and working interactively in a given region. A society can include small scale communities, nation-states, or even global-level populations.
Social organization in which the government directly controls the means of production (as opposed to fascism, see above, in which the government sets up rules but does not physically take over each business).
a political theory advocating state ownership of industry
an economic system based on state ownership of capital
A kind of command economy in which the government owns and operates the main industries, while individuals own and operate less crucial industries.
a theory or system of social organization by which the major means of production and distribution are owned, manages, and controlled by the government, by an association or workers, or the community as a whole
According to Joseph Schumpeter, socialism is the public ownership of the means of production and distribution; but in American parlance it is often used pejoratively to describe any attempt at governmental regulation or intervention. As an economic concept, it is independent of political concepts like democracy and authoritarianism as well as of theological notions like atheism (as in "Godless Marxism") or religiosity (as in Christian or Jewish socialism).
Philosophy and form of government based on the notion that the governmental authority ought to be used to promote fair and equal socioeconomic outcomes in terms of education, wealth and other important ways. Socialistic governments generally own or exercise substantial control over sectors of the economy that impact large portions of the population and maintain significant wealth and income redistribution programs.
a theory that places the means of production and distribution in the hands of the community
An "economic, social and political doctrine which expresses the struggle for the equal distribution of wealth by eliminating private property and the exploitative ruling class. In practice, such a distribution of wealth is achieved by social ownership of the means of production, exchange and diffusion."
The view that the government should own and control major industries
A political ideology based on considerable governmental involvement in the economy and other social institutions.
Control of production and means of distribution in the hands of the State.
a system where wealth, land and property are owned and controlled by the community as a whole rather than being privately owned
a system or theory of social organization in which the producers possess both political power and the means of production and distribution
One of the major Western political ideologies. In the socialist perspective, the most important goal is to provide a high quality, relatively equal standard of living for all. Each individual is encouraged to increase the collective good of all, in an environment that encourages cooperation and sharing. ‘Governments play a crucial role as it attempts to use its allocation of values and control of resources to increase the material, social and political equality of all citizens. Two major variations of socialism include Marxist-Leninist socialism and democratic socialism.
Political or economic theory of social organisation which advocates that the community as a whole should control the means of production, distribution and exchange. In the economic sense, is synonymous with Communism.
Economic and political theories advocating collective or governmental ownership of the means of production.
an economic system in which the means of production are controlled by the state
An economic system in which the basic means of production are primarily owned and controlled collectively, usually by government under some system of central planning.
an economic and social system that relies on intensive government intervention or public ownership of the means of production in order to distribute wealth among the population more equitably; in radicalist theory, the stage between capitalism and communism (42)
A theory or system of social organization that advocates the ownership and control of land, capital, industry, etc. by the community as a whole. In Marxist theory it represents the stage following capitalism in a state transforming to communism.
General term designating all political systems with big governments. See liberal, conservative, centrist.
an economic system that ensures equal share of wealth to all working adults same as socialist same as libertarian an economic system that ensures the entire population lives in poverty; enriches the government at the expense of the populace
A political theory that in the early twentieth century stood for the transfer of control from a few industrialists to the laboring masses. Socialists believed that such a transfer, usually defined in terms of government ownership and operation of economic institutions, would make it impossible for wealthy elites to control society.
A social system in which the means of producing and distributing goods are owned collectively and political power is exercised by the whole community.
The idea that most of the means of production (capital and labor) should be owner by the community, so that wealth will be more equitably distributed.
an economic system in which the people (government) own and operate the principle means of production. This means things such as communications, railroads, steel, oil, and so on
Political movement with origins in Western Europe during the 19th century; urged an attack on private property in the name of equality; wanted state control of means of production, end to capitalist exploitation of the working man. (p. 713)
Socialism is a social order based on government ownership of industry and worker control over corporations as a way to prevent worker exploitation.
An economic system characterized by public ownership of the means of production, the pursuit of collective goals, and centralized decision making.
Socialism refers to a broad array of doctrines or political movements that envisage a socio-economic system in which property and the distribution of wealth are subject to social control.http://www.britannica.com/eb/article-9109587 "Socialism" Encyclopædia Britannica. 2006. Encyclopædia Britannica Online. This control may be either direct—exercised through popular collectives such as workers' councils—or indirect—exercised on behalf of the people by the state.
