Social Democracy or Democratic Socialism

  • 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.

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