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  2. Socialism is, broadly speaking, a political and economic system in which property and the means of production are owned in common, typically controlled by the state or government. Socialism is based on the idea that common or public ownership of resources and means of production leads to a more equal society.
    www.nationalgeographic.org/encyclopedia/socialism/

    Key Takeaways

    • Socialism is an economic and political system based on collective ownership of the means of production.
    www.investopedia.com/terms/s/socialism.asp
     
  3. People also ask
    Why is common ownership important to socialism?This is often referred to as nationalisation. According to socialists, common ownership ensures that the needs of the many override those of the few - the public sector can allocate scarce resources on a much more equitable manner than that of the marketplace.
    Why do socialists believe in shared ownership?Socialists contend that shared ownership of resources and central planning provide a more equal distribution of goods and services and a more equitable society. Socialism is an economic and political system based on collective ownership of the means of production.
    What is socialist ownership?According to The Great Soviet Encyclopedia, "socialist ownership" is a form of social ownership that forms the basis for the socialist system, involving the collective appropriation of material wealth by working people.
    Is co-operative ownership a socialism?ISBN 978-0-19-860024-4. Socialists have always recognized that there are many possible forms of social ownership of which co-operative ownership is one. Nationalization in itself has nothing particularly to do with socialism and has existed under non-socialist and anti-socialist regimes.
     
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    Forms of common ownership exist in every economic system. Common ownership of the means of production is a central goal of socialist political movements as it is seen as a necessary democratic mechanism for the creation and continued function of a communist society. See more

    Common ownership refers to holding the assets of an organization, enterprise or community indivisibly rather than in the names of the individual members or groups of members … See more

    Common ownership is practiced by large numbers of voluntary associations and non-profit organizations as well as implicitly by all public bodies. While cooperatives … See more

    Neoclassical economic theory analyzes common ownership using contract theory. According to the incomplete contracting approach pioneered by Oliver Hart and his co-authors, … See more

    The first church in Jerusalem shared all their money and possessions (Acts of the Apostles 2 and 4).
    Inspired by the Early Christians, many Christians have … See more

    Many socialist movements, including Marxist, anarchist, reformist, and communalist movements, advocate the common ownership … See more

    In antitrust economics, common ownership describes a situation in which large investors own shares in several firms that compete within the same industry. As a result of this … See more

     
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  5. WEBDec 18, 2023 · Common ownership under socialism may take shape through technocratic, oligarchic, totalitarian, democratic, or even voluntary rule. A prominent historical example of a socialist country,...

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  13. What is common ownership? – worldsocialism.org/spgb

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