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 ?
The new Pendataan Program Perlindungan Sosial (PPLS) 2011 dataset managed by the Team for the Acceleration of Poverty Reduction (TNP2K), available since 2012, contains detailed information on the four bottom income deciles of the population and is designed to assist in identifying poor and near-poor households.
Sabitha (Eds.), Seminar Kebangsaan Gejala Sosial Proceeding (137-148).
Moeliono 2008 Belajar sambil Mengajar: Menghadapi Perubahan Sosial untuk Pengelolaan Sumber Daya Alam [Studying while Teaching: Confronting Social Change for Natural Resource Management].
In this vein, an LP3ES (Lembaga Penelitian, Pendidikan dan Penerangan Ekonomi Sosial) poll conducted in early 2004 found that respondents felt the parties to be out of touch and self-seeking.
33 Lembaga Penelitian dan Pembangunan Sosial, Ichtisar Statistik Tentang Geredja Katolik di Indonesia: 1949-1967 (1968), table 33 and Avery Willis, Indonesian Revival: Why Two Million Came to Christ (California: William Carey Library, 1977), p.
'Whatever comments and opinions posted on social media can actually benefit us as long as the one receiving the comments has a positive attitude towards it,' he said during the 'Fitnah Media Sosial Jadi Senjata Politik' (Slander on Social Media Turning into a Political Weapon) forum held at the Karangkraf Hall in Shah Alam this afternoon.
Etika Sosial Dalam Islam, Syed Putra Syed Ahmad (trans.), Kuala Lumpur: Dewan Bahasa dan Pustaka.
1974 'Lemah Surat dan Desa Maddha', Bulletin Yayasan Perpustakaan Nasional: Berita Ilmu-ilmu Sosial & Kebudayaan 1-3:56-8.
Ali Termizi bin Haji Ramli 2010 Adakah kelas sosial mempengaruhi pencapaian akademik?
(15.) Indonesia has taken to mapping the culture of border peoples in this manner, too; see Suwarsono, Daerah Perbatasan Kalimantan Barat: Suatu Observasi Terhadap Karekteristik Sosial Budaya Dua Daurah Lintas Batas (Jakarta: Pusat Penilitian dan Pengembongan Kemasyarakatan dan Kebudayaan, 1997).
diss., Cornell University, 1987), published in Indonesian translation as Mobilizasi dan Kontrol: Studi tentang Perubahan Sosial di Pedesaan Jawa 1942-1945 (Jakarta: Grasindo, 1993) and in Japanese as Nihon Senryoka no Jawa Noson no Henyo (Tokyo: Soshisha, 1992).
Menurut Qi beliau sedang mengadakan perbincangan dengan beberapa syarikat swasta serta membuat hebahan menerusi media sosial dan juga arus perdana.