Dictionary entryCEFR B2noun
socialism
IPA pronunciation: /ˈsəʊʃəlɪzəm/
Listen to the pronunciationRussian meaning
социализм
English definition
A political and economic system in which the means of production are owned and controlled by the community or the state.
Example
Many countries have adopted elements of socialism in their policies.
Collocations
- democratic socialism
- market socialism
- advocate socialism
- transition to socialism
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