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Kids Definition of socialism : a social system or theory in which the government owns and controls the means of production (as factories) and distribution of goods More from Merriam-Webster on socialismWhich is the best definition of Social Democracy?
English Language Learners Definition of social democracy. formal. : a political movement that uses principles of democracy to change a capitalist country to a socialist one. : a country that uses both capitalist and socialist practices. See the full definition for social democracy in the English Language Learners Dictionary.What's the difference between capitalism, socialism, and Democracy?
Communism, socialism, capitalism, and democracy are all among our top all-time lookups, and user comments suggest that this is because they are complex, abstract terms often used in opaque ways. They're frequently compared and contrasted, with communism sometimes equated with socialism, and democracy and capitalism frequently linked.What is the goal of socialism in America?
Introduction Socialism is a way to organize a society. It deals mostly with the economy, or the part of a society that creates wealth. The goal of socialism is to spread wealth more evenly and to treat all people fairly.