Socialism: Difference between revisions
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'''Socialism''' refers to any socio-economic system in which property and distribution of wealth are subject to control by a community, whether through cooperation or by state [[law]]s. It usually pursues two purposes: increasing social and economic equalities. As an economic system, socialism is often characterized by state or community ownership of the means of production. | '''Socialism''' refers to any socio-economic system in which property and distribution of wealth are subject to control by a community, whether through cooperation or by state [[law]]s. It usually pursues two purposes: increasing social and economic equalities. As an economic system, socialism is often characterized by state or community ownership of the means of production. | ||
Latest revision as of 00:55, 31 March 2008
Socialism refers to any socio-economic system in which property and distribution of wealth are subject to control by a community, whether through cooperation or by state laws. It usually pursues two purposes: increasing social and economic equalities. As an economic system, socialism is often characterized by state or community ownership of the means of production.