However, as a result of their broad definitions, the Big Five personality traits are not nearly as powerful in predicting and explaining actual behavior as are the more numerous lower-level, specific traits.
The history of socialism has its origins in the French Revolution of 1789 and the changes brought about by the Industrial Revolution, although it has precedents in earlier movements and ideas.
Democratic socialism became prominent in the late 19th century. It was after World War 1 that Democratic socialism had its footing in Europe. In the US also, Democratic socialism became a great movement after socialist Eugene V Debs. Democratic socialism has now spread to Latin America, Asia and many other regions.Summary. 1. Socialism can be defined as a system of collective ownership and management of the means of production and the distribution of goods. Democratic socialism gives more importance to a democratic character. 2.emocratic socialism has now spread to Latin America, Asia and many other regions. Summary. 1. Socialism can be defined as a system of collective ownership and management of the means of production and the distribution of goods. Democratic socialism gives more importance to a democratic character. 2.