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Definitions from the Web

Socialism Economy

Socialism Economy refers to an economic system where the means of production, distribution, and exchange are owned and regulated by the community or the state, rather than being privately owned. In this type of economy, the goal is to promote equality and address social inequalities through the redistribution of wealth and resources.

Examples:

Noun:

1. Some countries have adopted a socialism economy, providing free healthcare and education to their citizens.
2. The socialism economy aims to reduce income disparities and ensure basic needs are met for all members of society.

Related Products:

• Books on Socialism
• History of Socialism
• Economics of Socialism