Socialism
/sˈoʊʃəˌlɪzəm/
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Definition
(noun) Any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods.
Sentence Examples
Socialism is the same as Communism, only better English.
I do not believe in socialism.
CEFR Practice Quiz
The political theory known as ____ advocates for the collective ownership of the means of production.