Assertion: socialism | /r/UsedFor | refer to inequality
Facets:
value: in marxist theory
type: OTHER
Source sentences:
text: In Marxist theory, socialism refers to a specific stage of social and economic development that will displace capitalism, characterized by coordinated production, public or cooperative ownership of capital, diminishing class conflict and inequalities that spawn from such and the end of wage-labor with a method of compensation based on the principle of "From each according to his ability, to each according to his contribution".