socialism in simple terms - EAS

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  1. Economic Systems: Capitalism, Communism, and Socialism

    https://thismatter.com/economics/economic-systems.htm

    The definition of socialism varies widely, and many people use it synonymously for communism, but it is often distinguished as an economic system between communism and capitalism. Socialism is the social and economic doctrine that espouses public over private ownership and control of property and natural resources. Socialists argue that since ...

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    • Socialism Explained

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