Visual meaning of 'socialism'? - learn with images, example in daily life

Visual illustration of socialism: Any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods.

noun

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

"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

Visual illustration of socialism: The intermediate phase of social development between capitalism and communism in Marxist theory in which the state has control of the means of production.

noun

The intermediate phase of social development between capitalism and communism in Marxist theory in which the state has control of the means of production.

"The proposed new economic system, a form of socialism, would put the government in charge of all factories and farms. "

politics government theory doctrine economy state philosophy history society

Visual illustration of socialism: Any left-wing ideology, government regulations, or policies promoting a welfare state, nationalisation, etc.

noun

Any left-wing ideology, government regulations, or policies promoting a welfare state, nationalisation, etc.

"The government's socialism policies aimed to provide free healthcare for all citizens. "

politics government doctrine state philosophy economy society