e/Socialism (Marxism)

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has glosseng: In Marxist theory, socialism refers to a specific historical phase of economic development and its corresponding set of social relations that eventually supersede capitalism. Socialism is a mode of production where economic activity is based on directly maximizing use-value through conscious economic planning, where monetary relations in the form of exchange-value and wage labor cease to exist out of obsolescence. Socialism is characterized by the working-class effectively controlling the means of production and the means of their livelihood either through cooperative enterprises or public ownership (with the state being re-organized under socialism) and democratic management. Socialism is a distinct socioeconomic system from capitalism, which it supersedes; and is distinct from communism, which it precedes.
lexicalizationeng: socialism
instance of(noun) a group of people working together to achieve a political goal
political movement

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