Definition Definition

socialism - Meaning and Examples

Meaning of 'socialism' (Webster Dictionary)

1 . Socialism [ n.]
- A theory or system of social reform which contemplates a complete reconstruction of society, with a more just and equitable distribution of property and labor. In popular usage, the term is often employed to indicate any lawless, revolutionary social scheme. See Communism, Fourierism, Saint-Simonianism, forms of socialism.