noun · formal
socialism
UK/ˈsəʊʃəlɪzəm/US/ˈsoʊʃəlɪzəm/SO·cial·ism
An economic or political system where the community or state often owns key industries and aims for more equal distribution of wealth.
Examples
“Democratic socialism supports public services while maintaining individual freedoms.”
“Countries with strong socialist policies often have extensive welfare systems.”
“The debate about socialism versus capitalism is common in election campaigns.”
Band 8 sentence
“Advocates of socialism argue that public ownership of key industries reduces inequality and protects consumers.”
Collocations
- socialist policies
- state socialism
- democratic socialism
Word family
Common mistakes
in socialism country→in a socialist country
Socialism are popular among workers→Socialism is popular among workers
Say it for a higher band
5public ownership→6state control→7+socialism
Synonyms
collectivism
Easily confused
capitalism
“Voters often debate capitalism and socialism when discussing economic reform.”
Related words
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In -ism
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