Keyword Analysis & Research: definition of socialism for dummies example

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What is the true meaning of socialism?

so·​cial·​ism | \ ˈsō-shə-ˌli-zəm \. 1 : any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods.

What countries use socialism?

Socialist countries include China, Laos, Cuba, and Vietnam.

What are facts about socialism?

Interesting Socialism Facts: The term 'socialism' was coined by Henri de Saint-Simon, a founder of utopian socialism (along with Robert Owen). Socialism falls between communism and capitalism in terms of beliefs and ideology. The fundamental view of socialism is that man, society, and the universe are equal.

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