What Is Socialism? Definition and Examples - ThoughtCo
https://www.thoughtco.com/a-definition-of-socialism-3303637
WebUpdated on August 26, 2021. Socialism is an economic, social, and political theory advocating collective or governmental control and administration of a country’s means of economic production. Means of production include any machinery, tools, farms, factories, natural resources, and infrastructure used in producing and distributing the …
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