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socialism

/ˈsəʊʃəlɪzəm/ /ˈsoʊʃəlɪzəm/

Meanings
noun
Any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods.

Examples :

"The socialist party proposed that the government should own the local bus company to ensure everyone has affordable transportation. "
politics government theory doctrine philosophy economy state society

Related Words

Illustration development

development noun

/dɪˈvɛləpmənt/

The process of developing; growth, directed change.

"The development of this story has been slow."

Illustration government

government noun

/ˈɡʌvə(n)mənt/ /ˈɡʌvɚ(n)mənt/

The body with the power to make and/or enforce laws to control a country, land area, people or organization.

"The government decided to raise taxes to fund new schools. "

Illustration advocating

advocating verb

/ˈædvəˌkeɪtɪŋ/ /ˈædvəˌkɪtɪŋ/

To plead in favour of; to defend by argument, before a tribunal or the public; to support, vindicate, or recommend publicly.

"The teacher is advocating for more funding for the school library. "

Illustration distribution

distribution noun

/ˌdɪstɹəˈbjuːʃən/

An act of distributing or state of being distributed.

"The distribution of the school supplies was done fairly, giving each student an equal amount. "

Illustration intermediate

intermediate noun

/ɪntə(ɹ)ˈmidi.ət/ /ˌɪntɚˈmidi.ət/

Anything in an intermediate position.

"The intermediate level of Spanish class is a good fit for students who already know some basic vocabulary. "

Illustration administration

administration noun

/ədˌmɪnəˈstɹeɪʃən/

The act of administering; government of public affairs; the service rendered, or duties assumed, in conducting affairs; the conducting of any office or employment; direction.

"The school administration is responsible for managing the daily schedule. "

Illustration collective

collective noun

/kəˈlɛktɪv/

A farm owned by a collection of people

"The collective was struggling to afford new equipment for the farm. "

Illustration governmental

governmental adjective

/ˌɡʌvərnˈmentl/ /ˌɡʌvərnˈmɛntl/

Relating to a government

"The governmental regulations for school lunches were recently updated. "

Illustration nationalisation

nationalisation noun

/ˌnæʃənəlaɪˈzeɪʃən/ /ˌnæʃnəlɪˈzeɪʃən/

The act or process of nationalising:

"The government's decision on the nationalisation of the electricity company meant that it would now be owned and run by the state, not private investors. "

Illustration transportation

transportation noun

/tɹænspɔːˈteɪʃən/ /tɹænspɚˈteɪʃən/

The act of transporting, or the state of being transported; conveyance, often of people, goods etc.

"We have to get people out of their cars and encourage them to use alternative forms of transportation."

Illustration production

production noun

/pɹəˈdʌkʃən/

The act of producing, making or creating something.

"The widget making machine is being used for production now."

Illustration regulations

regulations noun

/ˌɹɛɡjəˈleɪʃənz/

The act of regulating or the condition of being regulated.

"The school has strict regulations about mobile phone use during class. "