- Democratic Socialism is defined as a socialist system in which both a socialist economy and a capitalist democracy coexist
- Social services such as healthcare are often managed by the government rather than private industries and are collectively owned by the people
- Most business and industries are private ventures though some such as transportation systems are often government-funded
- Unlike a purely socialist state, a Social Democracy allows for private business to excel and social services to be distributed where necessary
For more information on how Social Democracy differs from Socialism please view this definition.