Socialism is the belief that the state owns property in common for all people and a single political party that represents the working classes controls the government.

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Socialism is a political and economic theory advocating for the means of production, distribution, and exchange to be owned or regulated by the community as a whole. It does not necessarily entail state ownership of property or control by a single political party. Different forms of socialism vary in their implementation and control mechanisms.

Socialism Is the Belief That the State Owns Property in Common