@ican711nm,
Several definitions of socialism as a government or ideological principle:
so·cial·ism (ssh-lzm)
n.
1. Any of various theories or systems of social organization in which the means of producing and distributing goods is owned collectively or by a centralized government that often plans and controls the economy.
2. The stage in Marxist-Leninist theory intermediate between capitalism and communism, in which collective ownership of the economy under the dictatorship of the proletariat has not yet been successfully achieved.
The American Heritage® Dictionary of the English Language, Fourth Edition copyright ©2000 by Houghton Mifflin Company. Updated in 2003. Published by Houghton Mifflin Company. All rights reserved.
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socialism
Noun
a political and economic theory or system in which the means of production, distribution, and exchange are owned by the community collectively, usually through the state
socialist nadj
Collins Essential English Dictionary 2nd Edition 2006 © HarperCollins Publishers 2004, 2006
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socialism
1. a theory or system of social organization advocating placing the ownership and control of capital, land, and means of production in the community as a whole. Cf. utopian socialism.
2. the procedures and practices based upon this theory.
3. Marxist theory. the first stage in the transition from capitalism to communism, marked by imperfect realizations of collectivist principles. " socialist, n., adj. " socialistic, adj.
See also: Politics
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a theory of government based upon the ownership and control of capital, land, and means of production by the community as a whole.
See also: Government
-Ologies & -Isms. Copyright 2008 The Gale Group, Inc. All rights reserved.
ThesaurusLegend: Synonyms Related Words Antonyms
Noun 1. socialism - a political theory advocating state ownership of industry
ideology, political orientation, political theory - an orientation that characterizes the thinking of a group or nation
Fabianism - socialism to be established by gradual reforms within the law
guild socialism - a form of socialist theory advocating state ownership of industry but managements by guilds of workers
utopian socialism - socialism achieved by voluntary sacrifice
2. socialism - an economic system based on state ownership of capital
socialist economy
communism - a form of socialism that abolishes private ownership
International - any of several international socialist organizations
national socialism, Naziism, Nazism - a form of socialism featuring racism and expansionism and obedience to a strong leader
managed economy - a non-market economy in which government intervention is important in allocating goods and resources and determining prices
capitalism, capitalist economy - an economic system based on private ownership of capital
http://www.thefreedictionary.com/socialism