Socialism

/sˈə‍ʊʃə‍lˌɪzəm/

/ˈsoʊʃəˌɫɪzəm/

Socialism

a political theory advocating state ownership of industry

a political and economic principle in which main industries are controlled by the government and that wealth is equally divided among citizens

antonyms : capitalism

Examples

1. For the first time in his life, the boy encountered socialism.

2. Socialism also has politics and economics.

3. Socialism stresses community and solidarity.

4. So to me, socialism represents misery, scarcity.