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Characteristics. A socialist economy is a system of production where goods and services are produced directly for use, in contrast to a capitalist economic system, where goods and services are produced to generate profit (and therefore indirectly for use). "Production under socialism would be directly and solely for use.
e. Socialism is an economic and political philosophy encompassing diverse economic and social systems [ 1] characterised by social ownership of the means of production, [ 2] as opposed to private ownership. [ 3][ 4][ 5] It describes the economic, political, and social theories and movements associated with the implementation of such systems. [ 6]
Examples of market socialism include economic democracy, the Lange model, liberal socialism, market-oriented left-libertarianism, mutualism the New Economic Mechanism and Ricardian socialism. Other types of market socialist systems such as mutualism are related to the political philosophy of libertarian socialism .
The list includes countries that assert in their constitutions that they are based on socialism, regardless of their economic or political system. It does not list countries that do not have constitutional references to socialism as socialist states , even in cases where the government is currently run by a socialist party or other left-wing ...
Democratic socialism is a left-wing [1] set of political philosophies that supports political democracy and some form of a socially owned economy, [2] with a particular emphasis on economic democracy, workplace democracy, and workers' self-management [3] within a market socialist, decentralised planned, or democratic centrally planned socialist ...
History of socialism. The history of socialism has its origins in the Age of Enlightenment and the 1789 French Revolution, along with the changes that brought, although it has precedents in earlier movements and ideas. The Communist Manifesto was written by Karl Marx and Friedrich Engels in 1847-48 just before the Revolutions of 1848 swept ...
The socialist mode of production, or simply (Marxist) socialism or communism as Karl Marx and Friedrich Engels used the terms communism and socialism interchangeably, [1] [2] is a specific historical phase of economic development and its corresponding set of social relations that emerge from capitalism in the schema of historical materialism within Marxist theory.
Socialism. The following outline is provided as an overview of and topical guide to socialism: Socialism – range of economic and social systems characterised by social ownership of the means of production and workers' self-management [ 10] as well as the political theories and movements associated with them. [ 11]