Definition, Meaning & Synonyms

socialismo

noun

/soʊˈʃælɪzəm/

Definition

Socialism is an economic and political system where the means of production, distribution, and exchange are owned or regulated by the community as a whole.

Examples

Many countries have adopted elements of socialism in their government systems.
The rise of socialismo in the region led to significant changes in social policies.
Debates about socialismo vs. capitalism continue to be a dominant theme in political discussions.