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socialism::noun | Spocien Dictionary

socialism

noun

/'soʊʃə,lɪzəm/

an economic system based on state ownership of capital

Type	Words
Synonyms	socialist economy
Type of	managed economy
Has types	communism, international, national socialism, naziism, nazism
Derivation	socialist, socialistic

socialism

noun

/'soʊʃə,lɪzəm/

a political theory advocating state ownership of industry

Type	Words
Type of	political orientation, political theory, ideology
Has types	guild socialism, utopian socialism, fabianism
Derivation	socialist, socialistic