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.
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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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
Os dados seguiram o esperado e demonstram que a palavra que teve maior incidencia como desconhecida, a palavra sosia, apesar de nao apresentar diferenca significativa entre os grupos, apresentou uma tendencia a diminuir sua citacao como desconhecida em niveis de escolaridade mais altos.
[...] o exercicio de 'instrucao ao sosia' implica um trabalho de grupo no curso do qual um sujeito voluntario recebe a seguinte tarefa: 'Suponha que eu seja seu sosia e que amanha eu deva substituir voce em seu trabalho.
(4) e tambem por esse motivo que Bustos Domecq se torna um sosia capaz de se imiscuir no modo de ser mais intimo das obras de ambos.
Leemos en el texto incluido en Candido Lopez que "Este sosia paraguayo de Candido Lopez corresponderia a esos extranos fenomenos de transformaciones individuales y colectivas producidas por las guerras (...).
See the marriage declaration for Shlomo Tsaflik and Sosia Vodovos, both born in Odessa, June 19, 1939, folder 5, act 378, Archive of the Jewish Museum of Thessaloniki (hereafter cited as JMTh).
O Estado nao sera uma metamorfose da sociedade civil, mas seu sosia disfargado pela roupagem da universalidade.