socialism

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Socialism

An economic system in which the state or the people generally own most or all of the means of production. That is, under socialism, industries, agriculture and corporations are nationalized. The government may also manage the nationalized companies, or they may delegate this to a private company. Most socialist systems, however, allow some degree of private enterprise. Because it favors a strong role for the state, socialism should not be confused with Marxism, which holds that the state will eventually disappear.

socialism

a political doctrine that emphasizes the collective ownership of the means of production, ascribing a large role to the state in the running of the economy, with widespread public ownership (NATIONALIZATION) of key industries, although it allows limited scope to market forces. MARX regarded socialism as a transitional stage between the end of a PRIVATE-ENTERPRISE system and the beginnings of COMMUNISM. In practice, the revolutionary, communist form of socialism, which involves abolition of all private property, is limited to only a few countries, such as Cuba. Elsewhere, the main form of economic system is that of the MIXED ECONOMY, which combines elements of democratic socialism and the private-enterprise tradition. See CENTRALLY PLANNED ECONOMY.
References in periodicals archive ?
Kesejahteraan remaja di rumah pangsa:tumpuan kepada ruang belajar dan aktiviti sosial.
Migrasi keluar dan permasalahan sosial di kalangan remaja FELDA.
Moeliono 2008 Belajar sambil Mengajar: Menghadapi Perubahan Sosial untuk Pengelolaan Sumber Daya Alam [Studying while Teaching: Confronting Social Change for Natural Resource Management].
2001 Kerusuhan sosial di Indonesia: Studi kasus Kupang.
More than eighty teachers attended the launch in Berakas on 18 November 2008 of two books published by the Academy of Brunei Studies, namely Masyarakat Pribumi Cemerlang dan Masalah Sosial and the ninth edition of Pembarigaan Jurnal Janang.
Those in Malaysia who want to pay their registration fees can transmit their payment in Malaysian Ringgit by bank draft, money order or postal order, payable to Persatuan Sains Sosial Malaysia at the address below.
The Association's bank account is as follows: Name of payee : Persatuan Sains Sosial Malaysia Name of bank : Commerce International Malaysia Berhad (CIMB) Universiti Malaya Branch Jalan Pantai Baru, Kuala Lumpur, Malaysia Account Number : 1440-0005156-05-6 Swift code : CIBBMMYKL 14400005156056
Eventually the program was dismantled in the restructuring of the Departemen Sosial during the Reformasi period in 1998/1999 (Roedy Haryo Widjono 1998a, 1998b).
Suatu studi etnografis organisasi sosial dan kekerabatan dengan pendekatan antropologi hukum).
1995 Perubahan sosial dan dampaknya terhadap organisasi pertanian di Desa Long Pujungan dan Long Alango, IN: Culture & Conservation in East Kalimantan 1, From the Forest to the Pot: Studies on Farming.