African Diaspora Studies
Socialism is an economic and political system where the means of production, distribution, and exchange are owned or regulated by the community as a whole. This ideology seeks to promote social equality and reduce the disparities in wealth and power between different classes. It played a significant role in shaping movements for independence and decolonization, particularly in regions where colonial powers exploited local resources and labor.
congrats on reading the definition of socialism. now let's actually learn it.