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Definition of Socialism
1. Noun. A political theory advocating state ownership of industry.
Generic synonyms: Ideology, Political Orientation, Political Theory
Specialized synonyms: Fabianism, Guild Socialism, Utopian Socialism
Derivative terms: Socialist, Socialistic
Specialized synonyms: Fabianism, Guild Socialism, Utopian Socialism
Derivative terms: Socialist, Socialistic
2. Noun. An economic system based on state ownership of capital.
Exact synonyms: Socialist Economy
Specialized synonyms: Communism, International, National Socialism, Naziism, Nazism
Generic synonyms: Managed Economy
Antonyms: Capitalism
Derivative terms: Socialist, Socialistic
Specialized synonyms: Communism, International, National Socialism, Naziism, Nazism
Generic synonyms: Managed Economy
Antonyms: Capitalism
Derivative terms: Socialist, Socialistic
Definition of Socialism
1. n. A theory or system of social reform which contemplates a complete reconstruction of society, with a more just and equitable distribution of property and labor. In popular usage, the term is often employed to indicate any lawless, revolutionary social scheme. See Communism, Fourierism, Saint- Simonianism, forms of socialism.
Definition of Socialism
1. [n -S]
Medical Definition of Socialism
1. A system of government in which means of production and distribution of goods are controlled by the state. (12 Dec 1998)