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socialism

so·cial·ism

socialism

 
pronunciation:
so sh lih zm
features:
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part of speech: noun
definition 1: a political or economic theory in which community members own all property, resources, and the means of production, and control the distribution of goods.
definition 2: the system of government that is based on this theory.
definition 3: in Marxist-Leninist theory, the transition stage between capitalism and communism.
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  economy
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