socialism Article

What does socialism mean?

verifiedCite
While every effort has been made to follow citation style rules, there may be some discrepancies. Please refer to the appropriate style manual or other sources if you have any questions.
Select Citation Style
Feedback
Corrections? Updates? Omissions? Let us know if you have suggestions to improve this article (requires login).
Thank you for your feedback

Our editors will review what you’ve submitted and determine whether to revise the article.

External Websites

Socialism is a form of government in which most forms of property, including at least the major means of production and natural resources, are owned or controlled by the state. The aim of public ownership is to ensure that production is responsive to the needs and desires of the general population and that goods and services are distributed equitably.