socialism

so-cial-ism · noun

imported

Definitions

noun

  1. 1.

    A political and economic theory advocating collective ownership of the means of production.

  2. 2.

    A transitional social state between capitalism and communism.

Related words

Antonyms: capitalism
See also: capitalism, communism, politics

Etymology

From French socialisme, from social, from Latin socialis ("allied").