socialism
noun/ˈsoʊʃəˌlɪzəm/
Frequency rank: #4,913 most common English word
Meaning
A political and economic system in which the means of production and distribution are owned or regulated collectively, often by the state.
Example sentence
Many people debate whether socialism leads to greater equality or stifles economic growth.
Synonyms & related words
- collectivism
- statism
- communalism
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