CEFR B2

socialism

noun

Meaning

A political and economic theory of social organization which advocates that the community as a whole should own and control the means of production, distribution, and exchange.

Examples

The debate between capitalism and socialism has shaped much of modern political thought.
Some countries have adopted mixed economies, incorporating elements of both capitalism and socialism.

Synonyms: collectivism, communism, welfarism, cooperativism

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socialism (B2)

noun

Pronunciation: /ˈsoʊʃəlɪzəm/

Definition

A political and economic theory of social organization which advocates that the community as a whole should own and control the means of production, distribution, and exchange.

Examples

The debate between capitalism and socialism has shaped much of modern political thought.
Some countries have adopted mixed economies, incorporating elements of both capitalism and socialism.
Critics argue that socialism can lead to inefficiency and a lack of individual incentive.

How to Use socialism

socialism and capitalism (collocation): The two opposing economic and political systems. — "The historical debate often contrasts socialism and capitalism."
democratic socialism (collocation): A form of socialism advocating for achieving socialist goals through democratic means. — "Many European countries have policies influenced by democratic socialism."
market socialism (collocation): An economic system combining social ownership with market-based allocation. — "Market socialism seeks to balance social welfare with economic efficiency."

Synonyms of socialism

Words with a similar meaning to socialism:

Antonyms of socialism

Words with the opposite meaning to socialism:

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