a set of political and economic theories based on the belief that everyone has an equal right to a share of a country’s wealth and that the government should own and control the main industriescomparecapitalism,communism,social democracyOxford Collocations Dictionaryadjectivedemocratic,revolutionary,scientific,…verb + socialismbuild,establishprepositionunder socialism Seefull entrySee related entries:Political views and systemsWord Originearly 19th cent.: from French socialisme, from social from Old French, or from Latin socialis ‘allied’, from socius ‘friend’.Wordfindersystemcapitalism,communism,democracy,dictatorship,fascism,imperialism,liberal,radical,socialism,systemExtra examplesMarx claimed that his was the first scientific socialism.They are trying to build socialism in their own country.They believed that these problems would disappear under socialism.
See socialism in the Oxford Learner's Dictionary of Academic EnglishSee socialism in the Oxford Advanced American Dictionary
socialism
noun