socialism
noun
a political theory advocating state ownership of industry
an economic system based on state ownership of capital
Synonymssocialist economyOppositescapitalism
Source: WordNet 3.1, Princeton University
Socialism meaning
What does “socialism” mean? Definitions, examples, synonyms and opposites.
“socialism” is a noun with 2 meanings. Its most common meaning is: a political theory advocating state ownership of industry.