What Is Socialism Example. The means of production are managed by the working people and there is a democratically elected government democratic planning is used for common goods such as mass transit housing and energy while the free market is allowed to produce and distribute consumer goods. For example many opponents claim that president barack obama is a socialist. Turkmenistan is a strong example of socialism with energy subsidized by the government many housing subsidies and an economy that is largely state run.
Today the socialist republic of vietnam is run by the communist party of vietnam and brazil s social liberal party is a far right wing organization causing more confusion for democratic. Many people use the term socialism to describe behavior in which a government takes on a larger role in the economy. See the dictionary meaning pronunciation and sentence examples. These decisions could be on a wide range of issues one of the most important kinds of decision for example would be how to organise the production of goods and services.
Social ownership can be public collective cooperative or of equity.
47 people chose this as the best definition of socialist. Stood for the union of soviet socialist republics but it was just a masked name for communism which the d s a. See the dictionary meaning pronunciation and sentence examples. Socialism will be a society in which everybody will have the right to participate in the social decisions that affect them. Socialism definition is any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods.