Pronunciation

/səʊʃəˈlɪzəm/

Definitions

Noun

Socialism is a political and economic system characterized by collective ownership of means of production, distribution, and exchange, with the goal of achieving social equality and often communal control over resources. It contrasts with capitalism, where private property and profit play a central role.

Verb (Transitive)

To implement socialism means to establish or introduce socialist policies and principles in a society or organization. To advocate socialism is to support or promote the ideas and principles of socialism.

Adjective

Socialist describes something related to or based on socialism, emphasizing collective ownership and equitable distribution.

Adjective (Characterization)

Communist (synonym) refers to a specific form of socialism where the state owns everything and controls the economy.

Phrases

• “Advocate for socialist reforms”
• “Living in a socialist country”
• “A socialist utopia”

Example Sentences

• Noun: “The government is committed to implementing socialist policies to reduce income inequality.”
• Verb: “Many activists have been advocating for a more socialist approach to healthcare.”
• Adjective: “The socialist housing project aimed to provide affordable homes for all.”

Synonyms

• Collectivism
• Communism (partial synonym, referring specifically to the Marxist variant)
• State socialism
• Social democracy (less radical alternative)
• Labor-based economics