SOCIALISM


Meaning of SOCIALISM in English

so ‧ cial ‧ is ‧ m /ˈsəʊʃ ə l-ɪz ə m $ ˈsoʊ-/ BrE AmE noun [uncountable]

[ Word Family: noun : ↑ society , ↑ sociologist , ↑ sociology , ↑ sociability , ↑ social , ↑ socialism , ↑ socialist , ↑ socialite , ↑ socialization , ↑ sociopath ; adjective : ↑ sociable ≠ ↑ unsociable , ↑ social ≠ ANTI-SOCIAL , ↑ unsocial , ↑ socialist , ↑ socialistic , ↑ societal , ↑ sociological , ↑ sociopathic ; adverb : ↑ socially , ↑ sociably , ↑ sociologically ; verb : ↑ socialize ]

an economic and political system in which large industries are owned by the government, and taxes are used to take some wealth away from richer citizens and give it to poorer citizens ⇨ capitalism , communism

Longman Dictionary of Contemporary English.      Longman - Словарь современного английского языка.