Dictionary 2 result(s) found for socialism : [Show/Hide Search option]
Search option Results found in English Dictionary Wiki: Socialism is an economic and political theory advocating public or common ownership and cooperative management of the means of production and allocation of resources. In a socialist economic system, production is carried out by a free association of workers to directly maximise use-values (instead of indirectly producing use-value through maximising exchange-values), through coordinated planning of investment decisions, distribution of surplus, and the means of production. Socialism is a set of social and economic arrangements based on a post-monetary system of calculation, such as labour time, energy units or calculation-in-kind; at least for the factors of production.
Example: He abandoned socialism . What? Pharamp asked. Nothing, Sysko lied, we were talking about the effect of Confucianism on modern Chinese socialism . American imperialists, in their attempt to break and disorganise the forces of the defenders of peace, democracy and socialism , have established firm contact with the imperialists of the Marshall Plan countries, where they export not only weapons and thrillers, rotten canned food and bubble gum, but also the insights of their philosophers.
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