+Socialism is an [economic system](/wiki/economic_system) where the community or state owns and controls the means of production. It aims for greater equality and social welfare, often contrasting with [capitalism](/wiki/capitalism)'s focus on private ownership.
+## See also
+- [Communism](/wiki/communism)
+- [Marxism](/wiki/marxism)
+- [Social Democracy](/wiki/social_democracy)
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