Socialism; noun so·cial·ism \ˈsō-shə-ˌli-
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noun so·cial·ism \ˈsō-shə-ˌli-zəm\
Simple Definition of socialism
: a way of organizing a society in which major industries are owned and controlled by the government rather than by individual people and companies
Full Definition of socialism
1 : any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods
2 a : a system of society or group living in which there is no private property
b : a system or condition of society in which the means of production are owned and controlled by the state
3 : a stage of society in Marxist theory transitional between capitalism and communism and distinguished by unequal distribution of goods and pay according to work done
ref: http://www.merriam-webster.com/dictionary/socialism
...it just is.... ...oh Common One ....
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