Socialism(noun)
A political and economic system in which major resources and industries are owned or controlled collectively or by the state.
Hindi meaning:समाजवाद
Synonyms: Collectivism, Public Ownership, Common Ownership, Social Ownership
Antonyms: Capitalism, Individualism, Privatization, Laissez-faire
Example: Socialism emphasizes collective welfare and greater economic equality.
Trick to remember: Socialism = society first, where major resources are controlled for collective benefit.
Learn it with 19 more words: Daily Vocabulary – 28 August 2026 →
