Socialism is a range of economic and social systems characterised by social ownership and democratic control of the means of production; as well as the political ideologies, theories, and movements that aim at their establishment. Social ownership may refer to forms of public, collective, or cooperative ownership; to citizen ownership of equity; or to any combination of these.Although there are many varieties of socialism and there is no single definition encapsulating all of them,social ownership is the common element shared by its various forms.
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