социали́зъм — meaning in English

English meaning

• socialism noun A political and economic system in which the means of production, distribution, and wealth are owned or controlled collectively, often by the state, rather than by private individuals.

Senses

социали́зъм is used for these senses in English:

• socialism Any of a group of later political philosophies such democratic socialism and social democracy which do not envisage the need for full state ownership of the means of production nor transition to full communism, and which are typically based on principles of community decision making, social equality and the avoidance of economic and social exclusion, with economic policy giving first preference to community goals over individual ones.