Definition of Socialism

a system of rule in which the government controls the main industries

Examples of Socialism in a sentence

Under a system of socialism, the government manages the country’s major businesses.  🔊

The book on socialism describes how the governing body of a nation controls that nation’s main enterprises.  🔊

According to some individuals, socialism hinders individual progress by granting the government all the power.  🔊

Socialism requires a strong central government that can regulate a country’s key industries.  🔊

While private citizens manage trade and industry in capitalism, the state directs these economic aspects in socialism.  🔊

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