socialism has definitions from the fields of politics,economics
[ noun ] (politics) a political theory advocating state ownership of industry

Used in print

(J. H. Hexter, "Thomas More: On the Margins...)

Although Utopian communism is both new in 1516 and also modern , it is not modern communism or even modern socialism , as they exist or have ever existed in_theory or in_practice .

[ noun ] (economics) an economic system based on state ownership of capital