SOCIALISM


Meaning of SOCIALISM in English

transcription, транскрипция: [ ˈsō-shə-ˌli-zəm ]

noun

Date: 1837

1. : any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods

2.

a. : a system of society or group living in which there is no private property

b. : a system or condition of society in which the means of production are owned and controlled by the state

3. : a stage of society in Marxist theory transitional between capitalism and communism and distinguished by unequal distribution of goods and pay according to work done

Merriam-Webster's Collegiate English vocabulary.      Энциклопедический словарь английского языка Merriam Webster.