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- Socialism is a system of social organization in which private property and the distribution of income are subject to social control1234. It is a political and economic doctrine that calls for public rather than private ownership or control of property and natural resources234. According to the socialist view, individuals do not live or work in isolation but live in cooperation with one another2. Socialism is based on the belief that all people are equal and should share equally in a country's money5.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Socialism, meanwhile, is most often used in modern English to refer to a system of social organization in which private property and the distribution of income are subject to social control.www.merriam-webster.com/dictionary/socialismsocialism, social and economic doctrine that calls for public rather than private ownership or control of property and natural resources. According to the socialist view, individuals do not live or work in isolation but live in cooperation with one another.www.britannica.com/money/socialismSocialism definition: a theory or system of social organization that advocates the ownership and control of the means of production and distribution, capital, land, etc., by the community as a whole, usually through a centralized government.www.dictionary.com/browse/socialismSocialism describes any political or economic theory that says the community, rather than individuals, should own and manage property and natural resources.www.history.com/topics/industrial-revolution/sociali…the set of beliefs that states that all people are equal and should share equally in a country's money, or the political systems based on these beliefsdictionary.cambridge.org/dictionary/english/socialism
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