socialism easy definition - EAS

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  1. Socialism is an ideology or system based on the collective, public ownership and control of the resources used to make and distribute goods or provide services. This involves ownership of such things not by private individuals but by the public (the community as a whole), often in the form of a centralized government.
    www.dictionary.com/browse/socialism
    www.dictionary.com/browse/socialism
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    What is the simplest definition of socialism?
    The term socialism refers to any system in which the production and distribution of goods and services is the shared responsibility of a group of people. Socialism is based upon economic and political theories that advocate for collectivism. In a state of socialism, there is no privately owned property.
    www.robpyne.com.au/simple-definition-of-socialism/
    How does socialism work in real life?
    Under socialism, incentives either play a minimal role or are ignored totally. A centrally planned economy without market prices or profits, where property is owned by the state, is a system without an effective incentive mechanism to direct economic activity.
    Is socialism a good idea?
    To many, especially the young, socialism seems like a Good Idea. The ideal of "equality" is often mentioned. But the socialist view of equality requires treading on personal freedom, as the wealth of many are confiscated for the greater socialist "good." Other young people embrace socialism out of a profound sense of entitlement, believing that earned societal privileges are actually rights they should receive upon demand.
    www.fluther.com/70636/is-socialism-a-good-idea/
    What is socialism, advantages and disadvantages of socialism?
    Whether nationalist or internationalist by design, there are several advantages and disadvantages of socialism to consider. 1. Socialism creates a society that focuses on economic equality. There is a reduction in the number of hidden taxes that you experience in capitalist societies that focus on a hybrid implementation for services.
    www.lietaer.com/2022/04/what-is-the-difference-between …
  3. https://www.merriam-webster.com/dictionary/socialism

    Webnoun. : any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and

  4. https://www.nationalgeographic.org/encyclopedia/socialism

    WebSocialism is, broadly speaking, a political and economic system in which property and the means of production are owned in common, typically controlled by the state or …

  5. https://en.wikipedia.org/wiki/Socialism

    Socialist models and ideas espousing common or public ownership have existed since antiquity. The economy of the 3rd century BCE Mauryan Empire of India, an absolute monarchy, has been described by some scholars as "a socialized monarchy" and "a sort of state socialism" due to "nationalisation of industries". Other scholars have suggested that elements of socialist thought …

  6. https://www.britannica.com/topic/socialism

    WebOct 23, 2022 · socialism, social and economic doctrine that calls for public rather than private ownership or control of property and natural resources. According to the …

  7. https://www.thoughtco.com/a-definition-of-socialism-3303637
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    Socialist concepts embracing common or public ownership of production date as far back as Moses and formed a major part of the ancient Greek philosopher Plato’s theory of utopianism. However, Socialism as a political doctrine evolved during the late 18th and 19th centuries in opposition to the abuses of uncontrolled …
    See more on thoughtco.com
    • Occupation: History And Government Expert
    • Estimated Reading Time: 9 mins
  8. https://corporatefinanceinstitute.com/resources/economics/socialism

    WebApr 23, 2022 · Socialism is a system in which every person in the community has an equal share of the various elements of production, distribution, and exchange of

  9. https://www.dictionary.com/browse/socialism

    WebSocialism is an ideology or system based on the collective, public ownership and control of the resources used to make and distribute goods or provide services. This involves …

  10. https://simple.wikipedia.org/wiki/Socialism

    WebSocialism is an economic and political system where the workers or the government own the buildings and tools that make goods and services like farms and factories.

  11. https://examples.yourdictionary.com/examples-of-socialism.html

    WebSocialism can be hard to understand. However, a simple socialism definition would be where a government or group provides everything to the people or workers. You can think of this as everything being owned …

  12. https://ramblingfever.com/socialism-for-dummies

    WebAug 31, 2021 · noun socialism a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole. …

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