Home > Terms > Spanish, Latin American (XL) > socialismo
socialismo
An economic system that is regulated, directed and administered by the government rather than private enterprises and which supports the principle of equal distribution of wealth among individuals.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Agriculture
- Category: General agriculture
- Company: USDA
- Product:
- Acronym-Abbreviation:
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