Concept information
Preferred term
socialist systems
Definition
- Socialist systems are those regimes based on the economic and political theory of socialism, which advocates public ownership and cooperative management of the means of production and allocation of resources. These include states described as socialist, communist, or Marxist, all of which claim to be based on efforts to achieve social justice and equality. [Source: International Encyclopedia of Political Science; Socialist Systems]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/socialist_systems
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