What does socialism mean in sociology?

Socialism is an economic system in which there is government ownership (often referred to as “state run”) of goods and their production, with an impetus to share work and wealth equally among the members of a society. Under socialism, everything that people produce, including services, is considered a social product.

What does aichmophobia stand for in medical terms?

Aichmophobia (/ ˌeɪkməˈfoʊbiə /) is a kind of specific phobia, the morbid fear of sharp things, such as pencils, needles, knives, darts, a pointing finger, or even the sharp end of an umbrella and different sorts of protruding corners or sharp edges in furnitures and building constructions/materials.

Why do people with aichmophobia fear sharp corners?

They may fear the doctor’s needle or the sharp corner of the kitchen table, but they do not yet understand why they’re afraid of it, which only scares them more. Those with aichmophobia may do whatever is necessary to avoid needles whenever possible, but there are certain instances in life when a needle is simply unavoidable.

What is the meaning of the word socialism?

Socialism describes any political or economic theory that says the community, rather than individuals, should own and manage property and natural resources. The term “socialism” has been applied to very different economic and political systems throughout history, including utopianism, anarchism, Soviet communism and social democracy.

What’s the difference between socialism and social ownership?

Socialism is a range of economic and social systems characterised by social ownership of the means of production and workers’ self-management, as well as the political theories and movements associated with them. Social ownership can be public, collective or cooperative ownership, or citizen ownership of equity.