socialism
Pronunciation
Noun
B2 Upper-intermediate
Quick answer
A political and economic system in which the means of production, such as factories and land, are owned or controlled collectively rather than by private individuals.
Synonyms and antonyms
Antonyms
Test yourself
Which word fits the gap? "The party's platform called for a gradual shift toward _____, starting with public ownership of the railways."
Answer: socialism
In your own words, what does "socialism" mean?
A political and economic system in which the means of production, such as factories and land, are owned or controlled collectively rather than by private individuals.
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