Definitions from the Web
State Socialism
Definition: State socialism refers to a political and economic system in which the state or government controls and manages the means of production, distribution, and exchange in society.
Examples:
- Under state socialism, the government owns and operates key industries such as healthcare, education, and transportation.
- State socialism aims to achieve social equality and a centralized planned economy.
- In a state socialist country, the state acts as the primary employer, and the citizens may have limited control over their economic choices.
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