96 examples: To prevent the attack, the socialists of the aggressor country call for a… Socialism is the social and economic doctrine that espouses public over private ownership and … Socialism is a system that shares economic output equally throughout the population. The government distributes resources, giving it greater control over its citizens. socialist economy synonyms, socialist economy pronunciation, socialist economy translation, English dictionary definition of socialist economy. 49- socialism, after all, is an ideology that comes with a prepackaged foreign policy vision. Socialism 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. There are eight different kinds of socialism, each with their own priorities and economic styles. It values the collective well-being of the community, rather than individuals. I lived under socialism in Venezuela until I left and came to the United States as a student in 2016. Socialism definition is - any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods. How to use socialism in a sentence. Under the system of capitalism, goods and services are created and distributed by private enterprises. Socialism describes a variety of economic systems under which the means of production are owned equally by everyone in society. socialist example sentences. Examples of how to use “state socialism” in a sentence from the Cambridge Dictionary Labs Example sentences with the word socialist. Another word for socialism. Read more to learn the differences between capitalism and socialism. In other socialist economies, production is controlled by worker cooperatives. Others are capitalist and … Socialism definition: ... social or political theories or movements in which the common welfare is to be achieved through the establishment of a socialist economic system 3. 304. He is the author of Economics … Participatory economic models fall under socialist economics in that they usually advocate cooperative or direct worker-ownership, and often a form of democratic planning for production. Examples of 'socialism' in a sentence socialism. Unlike in communism, a socialist economic system rewards individual effort and innovation. The Scandinavian countries, however, finance their large welfare programs with a capitalist economy. 101- Pp. Meaning: Socialist means the system under which economic system is controlled and regulated by the government so as to ensure welfare and equal opportunity to the people in a society. Find more ways to say socialism, along with related words, antonyms and example phrases at Thesaurus.com, the world's most trusted free thesaurus. The idea of socialism is first […] ADVERTISEMENTS: “Socialism refers to the government ownership of the means of production, planning by the government and income distribution”-Samuelson. How to use socialist in a sentence. 50- Let the science front stand at the forefront to fire a salvo for the triumph of socialism!. 3. The article never once mentions socialism. This was referred to in Germany as the war economy (Kriegswirtschaft) or “War socialism” (Kriegssozialismus).. 102- The Times, 3 February 1908 p6 For some of his labour colleagues it was clear that Fox’s socialism … Use ‘socialism’ in a sentence | ‘socialism’ example sentences . Or statism. Socialism and capitalism are not proper nouns so you are not supposed to capitalize them unless they are the first word in a sentence, unless you are reducing them to a name. Socialism was developed by Karl Marx and is the transitional period between capitalism and communism. However, many countries have socialist economic components and a democratically elected government. Examples of socialist in a sentence: 1. In socialism, the workers make and distribute the goods, so the money belongs to them rather than private owners.For example, a bakery pays all the staff the same amount of money based on the profitability of the business. Examples of Capitalism in a sentence. communism, socialism, capitalism, and democracy socialism … "Socialism: An Economic and Sociological Analysis" By Ludwig von Mises (1936, 1951, 1953, 1969) London: Jonathan Cape 599 pages, 3.75 . An economics professor at a local college made a statement that she had never failed a single student before, ... Socialism Myth-busting. How to use socialism in a sentence. communism, socialism, capitalism, and democracy socialism … In some socialist economies, the democratically elected government owns and controls major businesses and industries. Socialism is a populist economic and political system based on the public ownership (also known as collective or common ownership) of the means of … See more. In capitalism the market sets the … Socialism differs from capitalism because in socialism the government controls industry and production. It would be virtually impossible to find a better example of socialism here in the United States than the public schooling systems that exist in every U.S. state. You would have been a socialist and headed labour-union picnics. Or leftist economic policy. 41. Types of socialist Economies . Henry Hazlitt Henry Hazlitt (1894-1993) was the great economic journalist of the 20th century. Marxist economics encompassed socialist economic models, though he was quite vague on what socialism and even communism would look like. 1 A political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.. Understanding Socialism. Social democracy, the most common form of modern socialism, focuses on achieving social reforms and : 40. Before I outline the essential components of Marx’s socialism, it’s important to remember that although Marx’s ideas have been more influential than the ideas of any other socialist, socialism, similar to other economic and political systems, is a big-tent ideology that includes numerous ideas and philosophies. The Avanti is the Socialist organ. socialism definition is - any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods. This seemingly innocuous sentence contains the core tenet of democratic socialism: radical transformation. Capitalism promotes free market conditions, whereas socialism incorporates certain elements of centralized economic planning. Socialism definition: Socialism is a set of left-wing political principles whose general aim is to create a... | Meaning, pronunciation, translations and examples Examples include China and Vietnam. 2. Such are these "tendencies" in the Socialist movement. The definition of socialism varies widely, and many people use it synonymously for communism, but it is often distinguished as an economic system between communism and capitalism. Under socialism, production would be planned and organised to meet the needs of society and its members. 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