Socialism
/ˈsoʊʃəˌlɪzəm/
Definitions
- (n.) A political and economic theory advocating collective or governmental ownership and administration of the means of production and distribution of goods, often reflected in laws governing property and labor rights.
The new legislation was influenced by socialism to protect workers' rights.
Related terms
Commentary
In legal contexts, socialism often influences statutory frameworks around property, labor, and welfare rights, highlighting collective interests over individual ownership.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.