A class of ideologies favoring an economic system in which all or most productive resources are the property of the government, in which the production and distribution of goods and services are administered primarily by the government rather than by private enterprise, and in which any remaining private production and distribution (socialists differ on how much of this is tolerable) is heavily regulated by the government rather than by market processes. Both democratic and non-democratic socialists insist that the government they envision as running the economy must in principle be one that truly reflects the will of the masses of the population (or at least their "true" best interests), but of course they differ considerably in their ideas about what sorts of political institutions and practices are required to ensure this will be so. In practice, socialist economic principles may be combined with an extremely wide range of attitudes toward personal freedom, civil liberties, mass political participation, bureaucracy and political competition, ranging from Western European democratic socialism to the more authoritarian socialisms of many third world regimes to the totalitarian excesses of Soviet-style socialism or communism.

[See also: communism, welfare state, anarchism, democracy, civil rights/civil liberties, totalitarianism, market economy, egalitarianism]