Webster's English Dictionary

Enter the word to look up:

socialism

so.cial.ism \'so--sh*-.liz-*m\ n 1: any of various economic and political 
   theories advocating collective or  governmental ownership and 
   administration of the means of production and distribution of goods 2a: a 
   system of society or group living in which there is no private proper ty 
   2b: a system or condition of society in which the means of production are o 
   wned and controlled by the state 3: a stage of society in Marxist theory 
   transitional between capitalism and  communism and distinguished by unequal 
   distribution of goods and pay according to work done