A political and economic theory advocating for collective or governmental ownership and administration of the means of production and distribution of goods.

The country adopted socialism to ensure equal distribution of resources among its citizens.

A system or condition of society in which the means of production are owned and controlled by the state.

Under socialism, the government plays a significant role in managing the economy.

A stage of society in Marxist theory transitional between capitalism and communism, distinguished by unequal distribution of goods and pay according to work done.

Marxists believe that socialism is a necessary step before achieving a fully communist society.