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https://www.dictionary.com/browse/socialismsocialism[soh-shuh-liz-uh m]
noun
a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.
procedure or practice in accordance with this theory.
(in Marxist theory) the stage following capitalism in the transition of a society to communism, characterized by the imperfect implementation of collectivist principles.
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communism[kom-yuh-niz-uh m]
noun
a theory or system of social organization based on the holding of all property in common, actual ownership being ascribed to the community as a whole or to the state.
(often initial capital letter) a system of social organization in which all economic and social activity is controlled by a totalitarian state dominated by a single and self-perpetuating political party.
(initial capital letter) the principles and practices of the Communist Party.
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capitalism[kap-i-tl-iz-uh m]
noun
an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, especially as contrasted to cooperatively or state-owned means of wealth.
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anarchism[an-er-kiz-uh m]
noun
a doctrine urging the abolition of government or governmental restraint as the indispensable condition for full social and political liberty.
the methods or practices of anarchists, as the use of violence to undermine government.
anarchy.
