Socialism is a political and economic theory advocating for collective or government ownership and control of the means of production and distribution of goods and services. It aims to create a society in which resources are shared equally among all members, with the goal of reducing inequalities and promoting social justice. Socialism generally prioritizes the welfare of the community over individual profit, and supports policies such as universal healthcare, education, and social security. It has been a key ideology in many political movements around the world and has influenced the development of various social welfare programs and policies.